passwella.
Menu

WAEC Commerce 1996 Question 56

Question 56

Co-operative Societies

A retail co-operative society aims at

  1. A.encouraging members to save money
  2. B.buying seeds and fertilizers
  3. C.Manufacturing goods as cheaply as possible
  4. D.lending money to members at low rate of interest
  5. E.cutting off the profits of middlemen
Show the answer and explanation

Answer: E (cutting off the profits of middlemen)

Explanation

Consumer (retail) co-operatives buy in bulk and sell to members, cutting out middlemen's profit.