Contributing money to buy equipment for making and marketing a product is a feature of

Assessment: WAEC SSCE - Commerce - 2007 (Objective) Subject: Commerce

Question 1 Report

Contributing money to buy equipment for making and marketing a product is a feature of
Answer Details
The feature described is a characteristic of producers' cooperatives. Producers' cooperatives are organizations formed by producers of goods or services who come together to jointly own and operate a business enterprise. Members of a producers' cooperative pool their resources, including money, labor, and equipment, to manufacture and market their products. They contribute capital to the cooperative, which is used to purchase equipment, raw materials, and other inputs needed to produce goods or services. The cooperative then markets the goods on behalf of its members, and profits are distributed among the members based on their contributions to the cooperative.

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