Exercises · Q6
Q.State any four functions of a consumers co-operative society.
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Start your 14-day free trial to unlock the full solution →A consumers co-operative society performs functions built around buying goods wisely and selling them fairly. Four of its main functions are:
- Bulk purchase of goods — It buys goods of daily use in large quantities directly from producers, manufacturers or wholesalers, obtaining them at low wholesale rates.
- Elimination of middlemen — By purchasing at the source, it removes the wholesaler-distributor-retailer chain and the layers of profit that push up market prices.
- Retail sale to members at fair prices — It sells the goods, usually for cash, through its own store to members at fair and reasonable prices, passing on the saving made by bulk buying.
- Ensuring quality and correct weight — It supplies pure, genuine, standard-quality goods of full weight and measure, protecting members from adulteration and cheating. …
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