ENTREPRENEURSHIP

Detailed explanation-1: -Members and employees are often entitled to special discounts, deals, education, training, services and sometimes even a dividend check at the end of each year. Most often, people won’t receive these benefits without becoming a member.

Detailed explanation-2: -The purpose of a cooperative is to realize the economic, cultural and social needs of the organization’s members and its surrounding community. Cooperatives often have a strong commitment to their community and a focus on strengthening the community they exist in or serve.

Detailed explanation-3: -Advantages of a co-operative include that: there are equal voting rights for members. this structure encourages member contribution and shared responsibility. liability for members is limited. there is no limit on the number of members.

Detailed explanation-4: -A cooperative has two kinds of members: regular members and associate members. A regular member is one who has complied with all the membership requirements and entitled to all the rights and privileges of membership as stated in the Cooperative Code and the cooperative by laws.

Detailed explanation-5: -A Cooperative Society has been formed behind the following broad objectives: To render services to its members instead of making profits. It encourages a state of mutual help in the place of competition. It assumes a state of self-help in the place of dependence.