Q.What is a Consumer Co-operative Store? State its main objective.

This retail format is defined by who owns it — the consumers themselves, as members, rather than outside shareholders.

A Consumer Co-operative Store is a retail store owned, financed, and managed on co-operative principles by the consumers themselves, who join as members, rather than by outside private owners or shareholders.

Main objective: to supply goods of good quality to members at fair and reasonable prices, eliminating the excess margins that private middlemen might otherwise charge. Since the store belongs to the members, any surplus profit earned is typically returned to members (e.g. as a patronage dividend based on their purchases) rather than being distributed to unrelated investo …