Question

State with reasons whether the following statement true or false.

Co-operative society differs from other forms of commercial organizations.

Options

• True

• False 

Answer 1

Co-operative society differs from other forms of commercial organizations : True
Explanation: The main purpose of other forms of commercial organisations is to maximise profit. On the other hand, the main purpose of a co-operative organisation is to provide services to its members. Thus, it differs from other forms of commercial organisations.