Co-opratives Flashcards Preview

Business Finance - GCSE > Co-opratives > Flashcards

Flashcards in Co-opratives Deck (3):
1

Worker co operative

Business owned and controlled by its workers rather than outside share holders

2

Advantages

Better quality- workers know the business
Higher motivation as jobs are more varied

3

Disadvantages

No specialists involved meaning less skills leading to bad decisions
Difficulty raising finance
Lack of ideas