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Co-operation · Class 11 Commerce

Ch 10Consumers Co-operative Society — Class 11 Co-operation, concept-first.

Think of the long journey an ordinary packet of sugar or a bar of soap makes before it reaches a household. The manufacturer sells it to a wholesaler, the wholesaler sells it to a distributor, the distributor sells it to a retailer, and only then does the consumer buy it.

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Key concepts

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Meaning and Features of a Consumers Co-operative Society

A consumers co-operative society is a voluntary association of ordinary consumers who join together to buy goods of daily use directly from producers or wholesalers and sell them to their own members at fair and reasonab…

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Chapter contents

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Meaning and Definition of a Consumers Co-operative Society

Think of the long journey an ordinary packet of sugar or a bar of soap makes before it reaches a household.

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Features of a Consumers Co-operative Society

A consumers co-operative society shares the general features of all co-operatives, but it also has some characteristics of its own that flow from its purpose of retailing goods to its members.

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Objectives of a Consumers Co-operative Society

The objectives of a consumers co-operative society all grow out of a single wish — to protect the ordinary consumer and to give him honest value for his money. The main objectives are:

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Functions of a Consumers Co-operative Society

A consumers co-operative society performs a set of interrelated functions, all built around one activity — buying goods wisely and selling them fairly to its members.

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Advantages of a Consumers Co-operative Society

Consumers co-operative societies have brought real benefits to the ordinary household, to honest trade and to society at large. Their chief advantages are:

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Limitations of a Consumers Co-operative Society

For all their value, consumers co-operative societies also suffer from real weaknesses, and an honest study must set these against their advantages. The main limitations are:

Exercises

+Show 12 questions12 questions
  1. Q1The main purpose for which a consumers co-operative society is formed is to: (a) Earn maximum profit for its shareholders (b) Supply goods t…Free
  2. Q2In a consumers co-operative society, the share of the surplus paid back to a member in proportion to the goods he has purchased during the y…Free
  3. Q3State whether the following statement is TRUE or FALSE, and justify your answer: "A consumers co-operative society follows the rule of 'one…Free
  4. Q4Define a consumers co-operative society and state any four of its features.Preview
  5. Q5Explain any four objectives of a consumers co-operative society.Preview
  6. Q6State any four functions of a consumers co-operative society.Preview
  7. Q7"A consumers co-operative society eliminates the middleman." Explain this statement.Preview
  8. Q8Give reasons: A consumers co-operative society usually sells goods on a cash basis.Preview
  9. Q9Explain any four advantages of a consumers co-operative society.Preview
  10. Q10"Consumers co-operative societies suffer from certain limitations." Discuss any four such limitations.Preview
  11. Q11Distinguish between a consumers co-operative society and a joint-stock company (trading concern) on any four points.Preview
  12. Q12Fill in the blank and justify: The trading surplus of a consumers co-operative society paid to members in proportion to their purchases is k…Preview