Question

Continuous exploitation of milkman of Rampur village by the intermediaries compile them to form a voluntary association to protect their interest, gain acres to market thereby assuring maximum return for their efforts and welfare of the members.
a)Name the form of business organization adopted by milkman
b)Give any two examples of organization identified in point a
c)Which values are being influenced by such an approach by the milkman?


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Answer 1

Answer:

15.       (a). cooperative society

           (b). i consumer's cooperative society

                 ii  producers' cooperative society

            (c) good value

Explanation:

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Answer 2

Cooperative society is  a voluntary association formed in Rampur village.

Explanation:

a)Cooperative society is the form of business organization adopted by milkman.

(b)i) Consumer's cooperative society   ii) Producers' cooperative society are  two examples of organization identified in point a.

C)  The milkman is influenced by the approach as Cooperative society is a voluntary association of consumers from of Rampur village formed to protect them from the exploitation of profit making companies. The purchases are made in bulk from the wholesalers and are sold to the members at market price so profit is also shared.

To know more:

a)Name the form of business organization adopted by milkman

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