Mastergp
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A co operative society is a voluntary organisation in which individuals, businessmen and traders with common interest pool their resources together to promote the economic and welfare interest of their members. And they are important types of co cooperative society
Wholesale co operative:
Wholesale co operative is formed by small scale wholesalers who purchase goods in bulk from the manufacturers at a reasonable price and sell in small quantities to retail co operative. They are able to raise a large sum of money to finance wholesale purchases when they come together. As an entity, they have better bargaining power to purchase in bulk from the manufacturer. They also settle disputes among their members.
Retail co operative society:
Retail cop or at I've society is a contractual organization formed by many small independent retailers. They pool their resources together to enable them buy in bulk and then sell the goods at lower prices yo their members who receive some form of patronage returns based on the amount of goods they purchased.
Wholesale co operative:
Wholesale co operative is formed by small scale wholesalers who purchase goods in bulk from the manufacturers at a reasonable price and sell in small quantities to retail co operative. They are able to raise a large sum of money to finance wholesale purchases when they come together. As an entity, they have better bargaining power to purchase in bulk from the manufacturer. They also settle disputes among their members.
Retail co operative society:
Retail cop or at I've society is a contractual organization formed by many small independent retailers. They pool their resources together to enable them buy in bulk and then sell the goods at lower prices yo their members who receive some form of patronage returns based on the amount of goods they purchased.
