Co-Operatives

Co-Operatives

NCFE Level 1/2 Award in Business and Enterprise

Co-Operatives

Co-operative businesses are run by the members for the benefit of everyone who uses it. They contain a wide diversity of different businesses—covering agriculture, engineering, retail and wholesale distribution, travel, funeral services, property and banking. 

Their essential purpose was to create a social organisation to offer protection from unfair training practices and poverty. In recent years, there was been a renewal of interest in cooperative societies as an ideal business form

Multiple Choice

You can’t be let go from a co-op job.

• True

• False

Open Ended

Examination Question

Explain how Co-operative Structures differ from others forms (6)