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WAEC Commerce 2007 Question 12

Question 12

Co-operative Societies

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

  1. A.thrift societies
  2. B.public limited companies
  3. C.consumers' cooperatives
  4. D.producers' cooperatives.
Show the answer and explanation

Answer: D (producers' cooperatives.)

Explanation

Producers' co-operatives pool money for equipment to produce and market their goods.