What is A business whose owners are its customers is known as?

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2026-04-04 02:10

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A business whose owners are also its customers is known as a cooperative, or co-op. In a co-op, members typically share in the decision-making process and profits, aligning the interests of the owners and users. This model is commonly found in various sectors, including agriculture, retail, and housing. The cooperative structure emphasizes community and mutual benefit among its members.

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