What are the features of cooperative form of Organisation?

What are the features of cooperative form of Organisation?

The following are the characteristic features of a cooperative organisation as a form of business organisation:

• Voluntary Association: A cooperative society is a voluntary association of persons and not of capital.
• Spirit of Cooperation:
• Democratic Management:
• Capital:
• Fixed Return on Capital:
• Cash Sale:
• Moral Emphasis:

What is the best feature of a cooperative?

According to the Commission, cooperatives have several defining characteristics: 1) they are open and voluntary associations; 2) they have a democratic structure, with each member having one vote; and 3) they have an equitable and fair distribution of economic results based on the volume of operations made through them …

What are the four types of cooperatives?

Types of Cooperatives

• 1) Retail Cooperatives. Retail Cooperatives are a type of “consumer cooperative” which help create retail stores to benefit the consumers making the retail “our store”.
• 2) Worker Cooperatives.
• 3) Producer Cooperatives.
• 4) Service Cooperatives.
• 5) Housing Cooperatives.

What are the key features of a cooperative society?

Features of a Cooperative Society – Voluntary Association, Separate Legal Entity, Control, Service Motive and Distribution of Surplus. 1.

What is the motto of cooperative society?

To protect the interests of the weaker sections of the society, the concept of cooperation emerged which has the motto, ‘each for all and all for each’ and ‘self- help through mutual aid’.

What are the features of cooperative management?

Based on the above definitions, we can now list out the main features of the cooperative form of business ownership as follows:

• Voluntary Organisation:
• Democratic Management:
• Service Motive:
• Capital and Return Thereon:
• Government Control:
• Distribution of Surplus:

What are the three major types of cooperatives?

Here we define cooperatives by type of membership, or more simply, who owns the cooperative.

• Consumer Cooperatives.
• Worker Cooperatives.
• Producer Cooperatives.
• Purchasing or Shared Services Cooperatives.
• Multi-stakeholder Cooperatives.

What are the objectives of cooperative society?

Objectives of Cooperative Society

• To provide support and services to the members of the society and not to earn the profit.
• To help each other mutually and not to have competition.
• To practice fair and transparent business activities.
• To deliver the quality goods and produce to the end customers.

What is cooperative and its features?

Features of a Cooperative Society As it is a voluntary association, the membership is also voluntary. The co-operative society is a separate legal identity to the society. It does not get affected by the entry or exit of its members. There is limited liability of the members of co-operative society.

What are three characteristics of cooperative society?

The five basic characteristics of cooperatives are as follows: (1) Organisation of the poor (2) Membership is voluntary (3) Absence of exploitation (4) The role of bank (5) Subsidies.

What are the main features of cooperative society?

Features of a Cooperative Society – 10 Primary Features of a Cooperative Society: Voluntary Association, Open Membership, Service Motive, State Control and a Few Others

• Voluntary Association:
• Open Membership:
• Service Motive:
• State Control:
• Democratic Management:
• Separate Legal Entity:
• Distribution of Surplus: