Wholesale cooperatives are organizations formed by groups of businesses, often in the same industry, to purchase goods and services in bulk. By pooling their resources, members can negotiate better prices and terms with suppliers, which helps reduce costs and improve profitability. These cooperatives typically focus on serving the needs of their members rather than making a profit. Members of wholesale cooperatives often include farmers, retailers, and small businesses. The cooperative structure allows them to share resources, knowledge, and marketing efforts, enhancing their competitiveness in the market. This collaborative approach fosters a sense of community and mutual support among members.