Question 24
Business OrganisationsThe most important advantage of co-operative societies is
- A.their high degree of democracy
- B.the increase in the cost of marketing
- C.that members are encouraged to save money
- D.the possibility of raising loans for the members.
Show the answer and explanation
Answer: D (the possibility of raising loans for the members.)
Explanation
Co-operatives pool members' savings so that members can get loans cheaply, which they could not easily get on their own.