Microsoft Word marketing doc

Features of Consumers’ Co-operative Stores 
Features of consumers’ co-operative stores are as follows : 
a) 
Membership 
Membership is open to all those adult members who want to join in it.
There is no maximum limit for the number of members. But the 
minimum number required is 10. 
b) 
One Man-One Vote
‘One man-One vote’ is the fundamental feature of this form of 
organization. It does not take into account the number of shares held by 
the members. 
c) 
Capital
Every member contributes towards the capital of the stores. The capital 
is raised through the issue of shares to the members. These shares are 
issued at par value and with smaller denominations for the convenience 
of all the people. 
d) 
Objective
The primary objective of the consumers’ co-operative stores is to render 
service to its members and to make reasonable profits. 
e) 
Cash Sales
Normally in the consumers’ co-operative stores, goods are sold on cash 
basis only. The credit facility is not offered. 
f) 
Management
It is owned and managed by members themselves through a committee 
elected in the annual general meeting. 
g) 
Profit Distribution
The net profit of the stores is distributed among the members in 
proportion to the purchases made by them. 
h) 
Liability
The liability of the members of the Consumers’ Co-operative is limited 
to the extent of their share value. 

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i) 
Registration
The registration of the Consumers’ Co-operative stores is a must as per 
provisions of the Act. Hence, without its registration one cannot carry 
on the business. 
j) 
Audit
The accounts are audited by the registrar co-operative societies or by the 
person authorised by him.