In which of the following business units are profits shared on the basis of membership patronage?

Profits shared on the basis of membership patronage in a co-operative society. A co-operative society is a type of business unit owned and operated by its members, who share profits based on their level of patronage. The members have a say in the decision-making process and receive dividends based on the amount of business they do with the co-operative. The purpose of a co-operative society is to provide goods and services to members at affordable prices and to promote their economic interests.