Cooperative buying is a purchasing strategy where a group of individuals or organizations come together to buy goods or services in bulk. By pooling their resources, they can negotiate better prices and terms with suppliers, leading to cost savings for all members involved. This approach is often used by small businesses, non-profits, or community groups to enhance their purchasing power. Members of a cooperative buying group typically share the benefits of lower prices and improved access to products. This method fosters collaboration and can also strengthen relationships among participants, as they work together to achieve common goals. Examples of cooperative buying groups include food co-ops and buying clubs.