MGT 153

INTRODUCTION TO BUSINESS
WHAT IS CO-OPERATIVE ?

A co-operative is a group of people acting together to
meet the common needs and aspirations of its members,
sharing ownership and making decisions.

Co-operatives are not about making big profits for
shareholders, but creating value for customers this is
what gives co-operatives a unique character, and
influences our values and principles.
FORMS OF BUSINESS OWNERSHIP:
CO-OPERATIVE
CHARACTERISTIC OF CO-OPERATIVE:
OWNERS ARE CALLED MEMBERS
LIMITED AMOUNT AND CAPITAL
PATRONAGE DIVIDEND PAID IN
PROPORTION
INTEREST ON THEIR INVESTMENT
NO SALARY RECEIVED

GIVES SERVICE RATHER THAN PROFIT
BUSINESS ARE OWNED AND OPERATED
FOR THE BENEFITS OF THE MEMBERS

CHARACTERISTIC OF CO-OPERATIVE:
Advantages of :

Advantages of Co-operatives:


Advantages of Co-operatives:

Disadvantages of Cooperative:

Disadvantages of Cooperative:

Disadvantages of Cooperative: