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WAEC Economics 2014 Question 28

Question 28

Business Organisations

Co-operative societies formed to market the output of their members are called

  1. A.Consumers' co-operative societies.
  2. B.Wholesale co-operative societies.
  3. C.Credit and thrift co-operative societies.
  4. D.Producers' co-operative societies.
Show the answer and explanation

Answer: D (Producers' co-operative societies.)

Explanation

Producers (e.g. farmers) form producers' co-operatives to process and market their output together.