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WAEC Economics 2005 Question 24

Question 24

Business Organisations

In which of the following business units are the owners mostly the customers?

  1. A.Co-operatives
  2. B.Limited liability companies
  3. C.Partnerships
  4. D.Public corporations.
Show the answer and explanation

Answer: A (Co-operatives)

Explanation

In a consumers' co-operative the members who own it are also its customers.