The website has the complete lesson note for all the subjects in secondary school but this piece showcases the SS1 Commerce Lesson Note on Types of Cooperative Societies. You can use the website search button to filter out the subject of interest to you.
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TOPIC: COOPERATIVE SOCIETIES cont’d
CONTENT (i) Types of Cooperative Societies
(ii) Advantages and disadvantages of Cooperative societies
(iii) Problems of cooperative societies
Sub-Topic 1: TYPES OF COOPERATIVE SOCIETIES
The following are types of cooperative societies formed in Nigeria
CONSUMER COOPERATIVE SOCIETIES
This is owned and operated by a group of ultimate consumers who pull their resources together to purchase goods and services in large quantities and distribute primarily to its members
Features/characteristics/functions of Consumer’s cooperative societies.
PRODUCER COOPERATIVE SOCIETY
This is formed by manufacturers who produce similar products. They organise cooperative production and also undertake joint marketing of the products on both wholesale and retail basis
Features/Functions
WHOLESALE COOPERATIVE SOCIETIES
RETAIL COOPERATIVE SOCIETIES
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