Question

State the merits of consumer co-operative stores ​

Answer 1

Answer:

Advantages of Consumer’s Co-Operative Stores:

(1) As the value of the shares of a co-operative society is limited, it attracts many people.

(2) The control and management of society is democratic.

(3) These societies lead to the elimination of middlemen.

(4) Since the control and management of the society is in the hands of the members, it ensures better quality of goods to the members.

(5) Advertising expenses are limited.

(6) Co-operative societies are very helpful in inculcating and developing managerial abilities among the members.

(7) Economies of large scale purchases are availed by the societies.

(8) The societies help the members in the adjustment of their family budgets to their incomes.

Explanation:

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