Every day Amul collects milk from 2.12 million farmers (many illiterate) &
converts the milk into branded packaged products & delivers goods all over the
country. The story of Amul started in Dec, 1946 with a group of farmers been to
free themselves from
intermediaries, gain access to the market & there by ensure maximum returns
for their efforts"
(a) From the above information, identify the form of business organisation
used by Amul.
(b) Also quote the line which suggest its features ?
(c) According to you. Amul is part of which type of industry
Answers
(a) Cooperative Organisation.
(b)in this there is a line that this amulet is statred by only some farmers group; the features are.
1. voluntary membership.
2. limited liability.
(c ) it is s part of primary industry.
Answer :
Amul is a cooperative of farmers aiming to gain market access and secure higher returns. They operate in the packaged dairy products sector and emphasize member participation and shared ownership.
Explanation :
(a) Amul is a cooperative business organization based on the information provided. It is a group of farmers who have come together to work towards a common goal of gaining access to the market and ensuring maximum returns for their efforts.
(b) The line that suggests the features of a cooperative business organization is "a group of farmers banding together to free themselves from intermediaries, gain access to the market & thereby ensure maximum returns for their efforts." This line highlights the key features of a cooperative, including the pooling of resources, the shared decision-making, and the emphasis on member welfare.
(c) Amul is part of the dairy industry, specifically the packaged dairy products sector. As a cooperative, Amul operates within a unique business model that emphasizes member participation and shared ownership, making it an important player in the Indian dairy industry.
In conclusion, Amul's cooperative business model has allowed it to effectively collect milk from millions of farmers, produce high-quality dairy products, and distribute them throughout India, while also ensuring that its members are fairly compensated for their contributions. As a result, Amul has become a significant player in the Indian dairy industry, with a strong reputation for quality, affordability, and community-driven values.
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