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Co-operative societies formed to market the output of their members are called

Economics
WAEC 2014

Co-operative societies formed to market the output of their members are called

  • A. Consumers' co-operative societies
  • B. marketing co-operative societies
  • C. Credit and thrift co-operative societies
  • D. Producers' co-operative societies
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Correct Answer: Option B
Explanation

Marketing Co-operatives: They are voluntary associations of producers formed with the objective of ensuring a steady market for the output of members. Marketing Co-operatives are especially suitable for marketing of agricultural products.

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