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Question
The profits earned by consumer cooperative stores during a year are utilized for declaring bonus to members according to purchases made by them.
The profits earned by consumer cooperative stores during a year are utilized for declaring bonus to members according to purchases made by them.
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Solution
The correct option is A True
Consumers' co-operatives are enterprises owned by consumers and managed democratically which aim at fulfilling the needs and aspirations of their members. They operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit.
Consumers' co-operatives are enterprises owned by consumers and managed democratically which aim at fulfilling the needs and aspirations of their members. They operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit.
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