Distributive Co-operatives owe their origin to the pioneering efforts of 28 Weavers of Rochdale in England. These Weavers formed
“Rochdale Pioneers’ Equitable Society” in the year 1844.
A Consumers’ Co-operative Store is a retail business owned and operated by ultimate consumers and distribute goods and services primarily to the members. The primary aim of these stores is to eliminate middlemen and to supply its members, quality goods at a reasonable price. The consumers’ co-operative stores purchase their requirements in bulk from the wholesalers at wholesale price. They sell them to the members at market price. A part of the profit thus earned by the store is passed on to the members in the form of dividend and bonus on purchase. According to J.Stephenson, “A Co-operative Distributive Society is a combination of persons whose aim is to economise by buying in common and to retain their profits by selling in common”.
A Consumers’ Co-operative Store is a retail business owned and operated by ultimate consumers and distribute goods and services primarily to the members. The primary aim of these stores is to eliminate middlemen and to supply its members, quality goods at a reasonable price. The consumers’ co-operative stores purchase their requirements in bulk from the wholesalers at wholesale price. They sell them to the members at market price. A part of the profit thus earned by the store is passed on to the members in the form of dividend and bonus on purchase. According to J.Stephenson, “A Co-operative Distributive Society is a combination of persons whose aim is to economise by buying in common and to retain their profits by selling in common”.
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