Exercises · Q9
Q.Explain any four advantages 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 offers several important advantages to its members and to society:
- Goods at fair and reasonable prices — By buying in bulk and eliminating middlemen, the society supplies goods at prices lower than, or no higher than, the ordinary market, easing the family budget.
- Elimination of middlemen — It removes the wholesaler-distributor-retailer chain, so the profit that once went to a string of traders is saved for the members.
- Pure and good-quality goods — Members are assured of genuine, unadulterated goods of correct weight and standard quality, free from the cheating common in ordinary trade.
- Patronage bonus (saving returned to members) — The surplus is shared back among members in proportion to their purchases, so the money saved by shopping at the society comes back to the members themselves. …
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