Term 2 - Summaries (Co-operatives)

Question 1

Name the 2 TYPES of co-operatives

Answer 1

1) Agricultural
2) Trading

Question 2

Name the characteristics of an Agricultural Co-Operative

Answer 2

• Number of FARMERS = 7+
• Farmers deliver products to the cooperative in
  the area; they negotiate best prices
• PROFITS - Not driven for big profits
• CAPITAL - Issue shares to members
• SHARES - NOT freely transferable

Question 3

Name the characteristics of a TRADING COOPERATIVE

Answer 3

• Number of MEMBERS = 25+
• AIM = To provide products as cheap as possible
  to its members
• Members and non-members can buy from them