The questions on types of co-operatives, importance of cooperative and importance of market survey were not answered very well.
Most of the candidates talked about private and public cooperative instead of consumer, produces cooperatives etc.
They also gave advantage of cooperative as helping people to cooperate, go to work etc.
Importance of market survey was written as an exercise that enables consumers to know how many shops or markets are available in a town.
The required answers to the questions are as follows:·
Types of o-cooperatives
la.(i)Consumers' co-operative
(ii)Producers' co-operative
(iii)Credit and thrift co-operatives
(iv) Multipurpose co-operative
b.Advantages of Cooperative
They organize literary classes and other training programmes for members
It inculcates the spirit of loyalty and commitment in individuals;
There is democracy since every member has some control over the matters affecting the association;
There are incentives in form of profits which are shared to members at the end of the year;
Prices of commodities are lower than in some markets and departmental stores;
Cooperatives enable farmers bargain higher prices for their products;
They promote saving habits in members;
They help to eliminate middlemen in the buying and selling of goods;
Cooperatives obtain money easily from banks.
Fosters cooperation and good relationship among members;
It protects the interest of members.
c. Importance of market Survey
Enables the consumer know places, markets or shops where specific goods and services can be obtained;
Helps to reveal places, shops or markets where goods are cheaper.
Shows periods of the year when specific items are abundant and cheaper.
Enables consumers compare prices based on quality and quantity of different brands of the same product.
Enables the consumer to know the actual current prices of commodities.