Question

What are the disadvantages that Consumer Cooperative store faces?

• A. Lack of patronage.
• B. Lack of business training.
• C. Shortage of funds
• D. All of the above

Answer 1

The correct option is D All of the above

Disadvantages are:

• Lack of Secrecy: A cooperative society has to submit its annual reports and accounts with the Registrar of Cooperative Societies.
• Lack of Business Acumen: The member of cooperative societies generally lack business acumen.
• Lack of Interest.
• Corruption.
• Lack of Mutual Interest.