Gopi, in order to promote local craftsmen of Gujarat, formed an organi

1.	Gopi, in order to promote local craftsmen of Gujarat, formed an organization where in the persons voluntarily associate themselves to promote common economic interest. The basic purpose of this organization was to help these craftsmen to find market for their products. It had a managing committee that was elected on the basis of ‘one member one vote’. a. Identify the form of business organization set up by Gopi. b. Quoting the lines form the above para, state any two features of this form of organization.
Answer» Co-operative organization; Features: a. ‘Formed an organization where in the persons voluntarily associate…..’- voluntary association, anybody can become a member of a co-operative society b. ‘managing committee that was elected in the basis of one member one vote’- democratic management, the management of the co-operative society is democratically elected. c. ‘the purpose of this organization is to help these craftsmen to find market for their products’- service motive, the main objective of a co-operative society is to provide service to it’s members and not to earn profits.

Gopi, in order to promote local craftsmen of Gujarat, formed an organization where in the persons voluntarily associate themselves to promote common economic interest. The basic purpose of this organization was to help these craftsmen to find market for their products. It had a managing committee that was elected on the basis of ‘one member one vote’. a. Identify the form of business organization set up by Gopi. b. Quoting the lines form the above para, state any two features of this form of organization.

Answer»

Co-operative organization;

Features:

a. ‘Formed an organization where in the persons voluntarily associate…..’- voluntary association, anybody can become a member of a co-operative society

b. ‘managing committee that was elected in the basis of one member one vote’- democratic management, the management of the co-operative society is democratically elected.

c. ‘the purpose of this organization is to help these craftsmen to find market for their products’- service motive, the main objective of a co-operative society is to provide service to it’s members and not to earn profits.

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