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Answer 1

(a)A cooperative business, also known as a co-op, is a type of organization that is both owned and controlled by its members, who also happen to use the services and products of the cooperative. These businesses are different from other types of companies.

(b)There are seven main steps in forming a cooperative or a "cooperative-like" organization.

1.Establish a steering committee.
2.Draft Articles of Incorporation and By laws.
3.repare a business plan.
4.Recruit personnel.

(c)Cooperative management, also co-management, tries to achieve more effective and equitable systems of resource management. In cooperative management, representatives of user groups, the scientific community, and government agencies should share knowledge, power, and responsibility.

(d)  A Co-operative is a unique form of business used by people and businesses for their mutual benefit. This paper examines the role of cooperative societies in economic development. The aim is to investigate the ways in which cooperatives can act as agents towards sustainable community development.

(e) The process of developing and sustaining a cooperative involves the processes of developing and promoting community spirit, identity and social organisation as cooperatives play an increasingly important role worldwide in poverty reduction, facilitating job creation, economic growth and social development .