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Write a Word Or a Phrase Or a Term Which Can Substitute the Following. the Type of Commercial Organization Established for Providing Services to Its Members. - Organisation of Commerce and Management

Question

Write a word or a phrase or a term which can substitute the following.
The type of commercial organization established for providing services to its members.

One Line Answer

One Word/Term Answer

Solution

The type of commercial organisation established for providing services to its members- Co-operative society.
Explanation:
The purpose of a co-operative society is not to earn profits but to provide services to its members. It is registered under the Cooperative Societies Act 1912.

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Comparison of Different Forms of Business Organization

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Chapter 1: Forms of Business Organisations - Write a word or a phrase [Page 38]