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Write Short Answer of the Following. State the Types of Co-operative Societies - Organisation of Commerce and Management

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Question

Write short answer of the following.
State the types of Co-operative societies.

Short Note

Solution

The following are the types of co-operative societies:
i. Consumer co-operative societies: These are formed to provide consumer goods at reasonable prices to their members.
ii. Producer co-operative societies: The objective of producer co-operative societies is to procure raw materials and other inputs at low costs and supply them to small producers.
iii. Marketing co-operative societies: These societies pool the outputs of the members and are responsible for certain marketing functions for them such as transportation, labelling, packaging and warehousing.
iv. Farmers’ co-operative societies: Such societies are formed by small farmers who pool their resources to reap the benefits associated with large-scale operations. These societies ensure the availability of better and advanced inputs at low rates to farmers.
v. Credit co-operative societies: These societies ensure the availability of funds to its members at comparatively low interest rates on reasonable terms.
vi. Co-operative housing societies: The aim of co-operative housing societies is to provide accommodation to their members by constructing houses for them.

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Chapter 1: Forms of Business Organisations - Write short answer of the following [Page 39]

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Micheal Vaz Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 1 Forms of Business Organisations
Write short answer of the following | Q 9 | Page 39

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State the Types of co-operative society


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 (b) ‘e’ Business  (2) President of national commission
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Maximisation of profit is the object of a co‐operative society.


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Co-operative soc iety differs from.other forms of commercial orge1nisations.


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Discuss the limitations of cooperative form of organisation.


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