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