Business Studies

What are the minimum number of members required to form Consumer Cooperative Store?


ANSWER

10


SOLUTION
A consumer cooperative store is an organisation owned, managed and controlled by consumers themselves. The objective of such stores is to reduce the number of middlemen who increase the cost of produce, and thereby provide service to the members.
To start a consumer cooperative store, at least 10 people have to come together and form a voluntary association and get it registered under the Cooperative Societies Act.
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