Introduction to Business Management
Topic 1 : Introduction to Business Management
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Introduction to Business Management
Available time 20 Minute(s)
01

Global Impact of Cooperatives

Topic 1 : Introduction to Business Management
:
Available time 20 Minute(s)
01. Question
Level Medium
Maximum Mark 10
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A noteworthy 12 percent of the global populace aligns with one of the three million cooperatives dispersed worldwide. These cooperative entities furnish livelihoods or employment prospects for an impressive 10 percent of the global workforce. The 300 most substantial cooperatives, their combined force generating an excess of $2,000 billion in turnover, stand as a testament to the monumental impact these collaborative endeavors wield.

Surprisingly, corporate entities often operating under the radar as cooperatives encompass Ocean Spray (comprising cranberry and grapefruit farmers), Sunkist (a consortium of citrus growers), and Best Western (a renowned hotel chain).

1. Define the term cooperative. 

[Marks: 2]

2. Explain one benefit of being a member of a cooperative. 

[Marks: 2]

3. Analyse the reasons why the cooperative approach is so popular around the world.

[Marks: 6]
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