BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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purchase goods and services more cheaply than they could as individuals
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reduce the amount of property taxes that each member must pay
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generate a profit for each member of the group
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increase their political power in their community
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Detailed explanation-1: -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-2: -A consumer co-op is an autonomous association of consumers united voluntarily to meet their common needs and aspirations.
Detailed explanation-3: -Solution: A consumer cooperative store generally buy in large quantity, directly from manufacturer or wholesalers and sell them to the consumers at reasonable prices. Since the middleman are eliminated or reduced, the members get products of good quality at cheaper rates.
Detailed explanation-4: -Some of the best examples of a consumer co-operative society are Super Bazar and Apna Bazar.