explain advantages and limitations of the consumers Cooperative store
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Answer:
A consumer cooperative store is a retail unit owned and controlled by consumers. Any consumer can join the consumer cooperative store by buying its shares. Each member has only one vote irrespective of his shareholding. Members get dividend in proportion to their shares held in the cooperative store. Cooperative stores are run by the consumers themselves for their mutual benefits
Consumer cooperatives offer the following advantages:
1. Consumers get goods of good quality
2. Goods are sold without adulteration
3. Goods are sold in correct measurement. Irregularities found in measurement of goods are avoided.
4. Middlemen are eliminated
5. Prices are comparatively cheaper
Regular supply of goods is assured.
7. No credit is allowed. So, there is no fear of bad debts.
8. Consumer cooperatives are located conveniently in residential areas, thus they are quite accessible.
Regular supply of goods is assured.
7. No credit is allowed. So, there is no fear of bad debts.
8. Consumer cooperatives are located conveniently in residential areas, thus they are quite accessible.