Business Studies

The profits earned by consumer cooperative stores during a year are utilized for declaring bonus to members according to purchases made by them.


ANSWER

True


SOLUTION
Consumers' co-operatives are enterprises owned by consumers and managed democratically which aim at fulfilling the needs and aspirations of their members. They operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


TRUE/FALSE Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 203
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Buying and selling of goods and services within the boundaries of a nation are referred to as __________.
  • A. external trade
  • B. internal trade
  • C. sale transaction
  • D. none of the above

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
What are the main advantages of Consumer cooperative stores?
  • A. Democratic management
  • B. Ease of information
  • C. Limited liability
  • D. All of the above

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
_______ is chargeable from companies engaged in production of goods at applicable tariffs.
  • A. Custom duty
  • B. Excise duty
  • C. Value Added Tax
  • D. Goods & Service Tax

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Suppose tax exempted goods under earlier law dispatched within 6 months prior to the appointed day are returned back within 6 months from the appointed day. How, the tax element involved in the return supply will be treated under GST?
  • A. Subject to tax at the appropriate rate of GST
  • B. No GST
  • C. At the half rate of the GST
  • D. Only SGST is charged

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 TRUE/FALSE Medium
Effective display of products and through their personal selling efforts retailers provide new product information to customers.
  • A. True
  • B. False

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer