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Exercises · Q6

Q.State any four functions of a consumers co-operative society.

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A consumers co-operative society performs functions built around buying goods wisely and selling them fairly. Four of its main functions are:

  1. 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.
  2. 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.
  3. 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.
  4. 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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