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fiasKO [112]
3 years ago
8

A group of fifty homeschooling parents in New Jersey get together and form a nonprofit membership organization for the purpose o

f buying teaching materials and supplies at a discount and selling the materials and supplies to members. The parents have probably formed a_____________.
a. joint stock company.
b. cooperative.
c. syndicate.
d. business trust
Business
1 answer:
Furkat [3]3 years ago
4 0

Answer: Cooperative

Explanation:

A cooperative is an independent association of people united voluntarily in order to meet their common economic, cultural and social needs and through a jointly owned enterprise.

A cooperative society is a group of people who possess specific common needs. The purpose of a cooperative society is to improve the economic status of its members. Cooperative societies usually offer their products to their members at a discount.

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