What is the basic purpose of most cooperatives? A) to make a profit f

QUESTION

What is the basic purpose of most cooperatives?

A) to make a profit for its members
B) to provide a service to its members
C) to pay dividends to its members
D) to make a profit for its customers
E) to pay dividends to its customers

ANSWER

Answer: B
Explanation: B) The purpose of a co-op, such as a retail cooperative, is not so much to make a profit as to provide a service to its members.