Numerous farmers in the Midwest pool their resources to buy seed, sell grain,store grain, and even help with marketing efforts.This is an example of which ope of business entry? A. Scorporation B. Cooperative C. Master limited partnership D. Limited liability corporation E. Franchise

Question

Numerous farmers in the Midwest pool their resources to buy seed, sell grain,store grain, and even help with marketing efforts.This is an example of which ope of business entry? A. Scorporation B. Cooperative C. Master limited partnership D. Limited liability corporation E. Franchise

Answer 1

B. Cooperative

Answer 2

## Step 1The problem describes a situation where numerous farmers in the Midwest pool their resources to buy seed, sell grain, store grain, and even help with marketing efforts. This is a clear example of a business model where individuals come together to pool their resources for mutual benefit.## Step 2This type of business model is known as a Cooperative. A Cooperative is a business organization that is owned and operated by a group of individuals for their mutual benefit. The members of a Cooperative pool their resources to achieve common goals.## Step 3The other options provided, such as Scorporation, Master limited partnership, Limited liability corporation, and Franchise, do not fit the description given in the problem. These are different types of business structures with different characteristics and operations.

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Numerous farmers in the Midwest pool their resources to buy seed, sell grain,store grain, and even help with marketing efforts.This is an example of which ope of business entry? A. Scorporation B. Cooperative C. Master limited partnership D. Limited liability corporation E. Franchise

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