What are the Characteristics of Consumers Cooperative Stores?

ADVERTISEMENTS:

(i) A consumers’ cooperative store is a voluntary association of consumers registered under the Cooperative Societies Act.

(ii) It is owned and managed by consumers.

(iii) It deals in articles of daily use.

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(iv) It purchases goods from producers and wholesalers

(v) It sells goods to members and may also sell to non-members.

(vi) Every member has one vote irrespective of his share holding.

(vii) Profits of the store are distributed among members in proportion to their purchases. A part of the profits is spent on general welfare measures.

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(viii) Goods are sold generally on cash and carry basis.

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