Question

Explain any six advantages of co-operative society in Commerce​

Answer 1

Answer:

co-operative form of business organization is different from other forms of organizations. It is a voluntary association of people with collectively owned fund, organised on the democratic principle of equality, who join together to supply for their requirements through mutual action, and in which the objective is service rather than profit.

Explanation:

Some of the advantages of a cooperative society are:-

1. Easy to Form 2. Open Membership 3. Democratic Management 4. Limited Liability 5. Stability 6. Economical Operations 7. Government Patronage

Answer 2

Answer:

Economical Operations- The operation of a cooperative society is quite economical due to elimination of middlemen and the voluntary services provided by its members. 7. Government Patronage- Government gives all kinds of help to co-operatives, such as loans at lower rates of interest and relief in taxation.

Explanation:

it is right ans