BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A consumer cooperative store is an organisation owned, managed and controlled by consumers themselves. The objective of such stores is to reduce the number of middlemen who increase the cost of the product, and thereby provide service to the members.

Detailed explanation-2: -The customers or consumers of the goods and/or services the cooperative provides are often also the individuals who have provided the capital required to launch or purchase that enterprise.

Detailed explanation-3: -Retail Cooperatives are a type of “consumer cooperative” which help create retail stores to benefit the consumers making the retail “our store”. They allow consumers the opportunity to supply their own needs, gain bargaining power, and share earnings.

Detailed explanation-4: -Consumer Cooperatives The model is used in many sectors and includes credit unions, grocery co-ops, telephone and electrical distribution, housing and childcare. Some examples of consumer cooperatives are: REI, UW Credit Union, Willy Street Co-op, Adams-Columbia Electric Cooperative, Madison Community Cooperative.