Question:
Discuss the meaning, features and advantages of Consumer Cooperative Store.
Answer:
Meaning, Features and Advantages of Consumer Cooperative store.
The societies started to help lower and middle class people and protect these sections from the clutches of profit-hungry businessman are called Consumers Cooperative Stores. A consumer's co-operative society is a combination of persons whose aim is to economise by buying in common and retain their profits by selling in common. According to M.C. Sukla, "Consumer Cooperative Store is an economic enterprise set by the consumers for the distribution of fundamental consumption goods, primarily among the shareholders to the subscriber consumers who are called members of such organization and who have an equal voice in the control of the organization. Features
Following are some of the essential features of a consumer's cooperative store:
- There is no restriction on membership of a consumer co-operative store as any adult person can become a member of a co-operative.
- The members of the consumer co-operative store distribute capital in the form of share. A member can purchase shares of a value of? 1000 only. Beyond this, shares are not issued to members.
- The surplus of a store is distributed among the members in the form of dividend. The dividend is paid in proportion to purchases made by the members.
- It adopts the principles of ‘one man, one vote'. A man is not allowed vote by proxy system.
- The trading of co-operative stores is made on the basis of cash.
- A sale can be made to non-members on the basis of market rate.
- It makes bulk purchases directly from the producers and sell these goods to its members on retail basis.
Advantages
Consumer's Cooperative Store has the following advantages:
- It facilitates its members in getting pure and unadulterated goods at a competitive price.
- It develops a state of moral booster to the poor people who develop greater confidence among themselves.
- As the societies are purchasing goods in bulk quantities from the producers, these are in a better position to supply these goods at a competitive price to its members.
- It improves the purchasing power of the members since dividend is paid on the basis of purchases made.
- It encourages people to save.
Internal Trade
Q 1.
Used goods are bought and sold in which type of shops.
Q 2.
Mention different types of Chambers of Commerce in India. Explain any one.
Q 3.
Explain important terms used in context of internal trade.
Q 4.
Describe the role and functions of the Chamber of Commerce.
Q 5.
Enumerate the services of the wholesaler to manufacturer and some general services.
Q 6.
What difficulties will be faced by the consumers if retailers are eliminated from the chain?
Q 7.
How does market information provided by wholesalers benefit the manufacturers?
Q 8.
Explain the services of a wholesaler to a retailer, consumer and general services.
Q 9.
Name the retail outlets that sell merchandise through mail.
Q 10.
Explain different types of fixed shops under retail trade.
Q 11.
What purpose is served by wholesalers providing warehousing facilities?
Q 12.
Enumerate the features of retail trade.
Q 13.
Large quantity buying is characteristic of which trade?
Q 14.
Explain the meaning, features, advantages and disadvantages of super market.
Q 15.
Explain the services offered by the wholesalers to the manufacturers.
Q 16.
What is a departmental store?
Q 17.
Goods with little defects are sold in which type of shops?
Q 18.
What is meant by internal trade?
Q 19.
What do you mean by internal trade?
Q 20.
Who are Itinerants?
Q 21.
Name the retail organization where same types of commodities are sold at uniform prices located all over the country.
Q 22.
In which business are goods bought and sold through postal services?
Q 23.
What type of goods are suitable for Automatic vending machines?
Q 24.
Name any two Itinerants.
Q 25.
What are the services offered by retailers to wholesalers and consumers?
Q 26.
Itinerant traders have been an integral part of internal trade in India. Analyse the reasons for their survival in spite of competition from large scale retailers.
Q 27.
Discuss advantages and disadvantages of Mail Oraer House.
Q 28.
What difficulties can a consumer face if there is no retail shop?
Q 29.
Name the machine in which goods are bought and sold by inserting coins.
Q 30.
Give the full form of FICCI.
Q 31.
What are the differences between departmental stores and multiple shops?
Q 32.
How do the wholesalers help the manufacturer in availing the economies of scale?
Q 33.
Give any two services of retailer to the customers.
Q 34.
"The chambers interact with the government at different levels to reorient or put in place policies which reduce trade hindrances."Comment.
Q 35.
What difficulties will be faced by the manufacturers if wholesalers are eliminated from the chain?
Q 36.
Write a short note on Vending Machines.
Q 37.
What is meant by Automatic vending machines?
Q 38.
Mention and define the documents which are used in internal trade.
Q 39.
Distinguish between single line stores and specialty stores. Can you identify such stores in your locality?
Q 40.
Discuss the meaning, features and advantages of Consumer Cooperative Store.
Q 41.
Explain the meaning and advantages of carrying on mail order business.
Q 42.
Give one example of chain stores.
Q 43.
How would you differentiate between street traders and street shops?
Q 44.
Name and define different large scale retail shops.
Q 45.
Why are consumers cooperative stores considered to be less expensive? What are its relative advantages over other large scale retailers?
Q 46.
What is the difference between a hawker and a peddler?
Q 47.
Name any two departmental stores.
Q 48.
Who are itinerants? Name different types of itinerants.
Q 49.
Specify the characteristics of fixed shop retailers.
Q 50.
Explain different types of small scale retail shops.
