any 5 merits and demerits of cooperative society
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Merits:-
1. Easy formation
2. Limited liability
3. Perpetual existence
4. Social service
5. Open membership
Demerits:-
1. Lack of secrecy
2. Lack of interest
3. Corruption
4. Lack of mutual interest
5. Lack of business acumen
Please tell if you need their explanation.......
And please mark as Branieeeeest.........
1. Easy formation
2. Limited liability
3. Perpetual existence
4. Social service
5. Open membership
Demerits:-
1. Lack of secrecy
2. Lack of interest
3. Corruption
4. Lack of mutual interest
5. Lack of business acumen
Please tell if you need their explanation.......
And please mark as Branieeeeest.........
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