A retail co-operative society aims at

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

A retail co-operative society aims at
Answer Details
A retail co-operative society is a type of business organization owned and controlled by its members who are also its customers. The primary objective of a retail co-operative society is to provide goods and services to its members at affordable prices, while also maximizing their benefits. The main aim of a retail co-operative society is to cut off the profits of middlemen and wholesalers, which leads to the reduction in the cost of goods and services. Therefore, a retail co-operative society aims at providing quality goods and services to its members at the lowest possible prices, as well as encouraging members to save money.

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