In which of the following business units are the owners mostly customers?
Answer Details
The business unit where the owners are mostly customers is the co-operative. A co-operative is an organization owned and operated by a group of individuals who come together to meet their common needs and aspirations through a jointly owned and democratically controlled enterprise. The owners of a co-operative are also its customers, and they typically have equal voting rights regardless of the amount of money they have invested in the co-operative. In a co-operative, the profits are distributed among the owners in proportion to the amount of business they do with the co-operative, rather than based on their shareholdings. This model encourages members to be loyal customers and contributes to the sustainability of the co-operative.