1.

Why are administrative expenses lesser in co-operative societies?

Answer»

Lesser administrative expenses:

  • The co-operative society works on the principle of thrift i.e. wisely managing money and other resources.
  • Members provide honorary services for managing the society. Moreover, management is done on an economical way without spending or spending very less on advertisements and marketing of the products.
  • These things together reduces overall administrative expenses of the society.


Discussion

No Comment Found

Related InterviewSolutions