Why are consumer cooperative societies formed?
2019
Why are consumer cooperative societies formed?
Answer: B. To safeguard the consumers’ interests — Consumer cooperative societies are formed to protect consumers from exploitation by traders and middlemen. They ensure that consumers get goods of standard…
- A.
To provide the members with some financial assistance
- B.
To safeguard the consumers’ interests
- C.
To market the goods
- D.
To provide the members with housing facilities
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Correct answer: B
Consumer cooperative societies are formed to protect consumers from exploitation by traders and middlemen. They ensure that consumers get goods of standard quality at reasonable prices and promote fair trade practices.
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