InterviewSolution
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InterviewSolution
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Distinguish between consumers cooperative societies and and producers cooperative societies on the basis of : (i) Estalishment `" "` (ii) Functions (iii) Objectives `" "` (iv) Distribution of profits . |
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Answer» Producers’ Cooperative Society – Producers or industrial cooperatives are voluntary associations of little producers and artisans who join hands to face opposition and augment production. Nature of Business: It is built by the collection of same products producers. Objective: To protect the producer’s right in the way of producing the products regularly with the proper distribution. Functions: It’s restated to the productions activities distribution of profit: Profit is distributed according to the payment of capital to the members. Consumers’ Cooperative Society – Consumers’ cooperatives are created by the consumers to get there on daily basis requirements at evenhanded prices. Such a society buys goods directly from manufacturers and wholesalers to get rid of the profits of middlemen. Nature of Business: Purchasers or consumers of the different products establish these organizations. Objective: To supply the necessary goods at a reasonable price is the main objective. Functions: Products distribution is the main function among the members. distribution of profit: Profit is distributed according to the total purchase of the members. |
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