One form of business organization which is not motivated solely by the profit objective is the?
Answer Details
A co-operative society is a form of business organization that is not motivated solely by the profit objective. It is an association of persons who come together voluntarily to pool their resources for the promotion of their common economic interests. The members of a co-operative society jointly own and control the business and share the profits based on their level of participation. The primary objective of a co-operative society is to provide goods and services to its members at a reasonable price and to improve their economic status. In this sense, co-operative societies are more focused on providing benefits to their members rather than maximizing profits.