Benefits and Functions of Cooperatives

The video tutorial covers cooperatives and non-profits, explaining consumer, service, and producer cooperatives, with examples like credit unions and Ocean Spray. It also discusses non-profits, including professional organizations, business associations, and trade associations, highlighting their roles and benefits to members and communities.

What is the primary objective of consumer cooperatives?

• To compete with large corporations

• To expand globally

• To maximize profits for shareholders

• To address the needs of their members

Which of the following is an example of a financial cooperative?

• American Marketing Association

• Ocean Spray

• Credit Union

• Better Business Bureau

What is a key benefit of service cooperatives?

• They provide affordable services and member control

• They prioritize global expansion

• They offer high-interest loans

• They focus on increasing executive revenue

How do healthcare cooperatives benefit their members?

• By focusing on profit maximization

• By limiting member services

• By providing affordable medical prescriptions

• By increasing executive salaries

What is the main function of producer cooperatives?

• To provide legal services

• To compete with service cooperatives

• To negotiate prices and distribute products

• To offer banking services

Which cooperative is known for producing cranberry products?

• Ocean Spray

• American Veterinary Medical Association

• Credit Union

• Better Business Bureau

What is the primary purpose of a nonprofit organization?

• To expand internationally

• To compete with for-profit businesses

• To maximize shareholder profits

• To provide services to the public

Which of the following is a type of nonprofit organization?

• Professional organization

• Producer cooperative

• Service cooperative

• Credit union

What role does the Better Business Bureau play?

• It negotiates prices for agricultural products

• It assigns letter grades to businesses based on performance

• It provides loans to businesses

• It offers health insurance

What is the focus of trade associations?

• To develop industrial opportunities

• To produce cranberry products

• To provide babysitting services

• To offer banking services