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What are the objectives of consumers’ cooperative societies? - Commercial Applications

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Question

What are the objectives of consumers’ cooperative societies?

Short Answer
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Solution

The objectives of consumers’ cooperative societies are as follows:

  1. To supply standard-quality goods to consumers at fair and reasonable prices.
  2. To remove middlemen from the process of distribution.
  3. To ensure a steady and uninterrupted supply of essential commodities to members.
  4. To protect consumers from black-marketing, hoarding, and adulteration.
  5. To help consumers save money and increase their overall purchasing power.
  6. To promote equality and cooperation among all members of the society.
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Chapter 5: Ownership Structures - Cooperative Society - QUESTION BANK [Page 65]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 5 Ownership Structures - Cooperative Society
QUESTION BANK | Q 1. | Page 65
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