Get premium membership and access questions with answers, video lessons as well as revision papers.
ADVANTAGES OF COOPERATIVE SOCIETY IN KENYA
• They give loans to members at a low interest rate.
• Since they have no middlemen, they eliminate the exploitation of the middlemen.
• The membership to cooperative societies is open and voluntary.
• Their members have equal chances of being elected to the management committee
• They are able to provide services to members at a minimum cost because of the economy of scale.
• The interests of the members are served more effectively through co ownership because the properties of the cooperatives are owned collectively.
• They have helped members to increase their incomes and consequently improve their standards of living.
• They get the government assistance in case of financial and managerial problems.
• Their members have limited liabilities.
DISADVANTAGES OF COOPERATIVE SOCIETIES IN KENYA
It entails longer decision making process.
It requires members participation for its success.
Record keeping is extensively necessary in cooperatives societies.
Problem in management due to lack of managerial talent and skills has they are unable to employ professionals due their limited capital.
Cooperatives are highly dependent to the government for financial support in terms of grants, loans, subsidies and mortgages.
neptune answered the question on November 22, 2017 at 15:33
- State four similarities between the 1st and the 2nd creation stories.(Solved)
State four similarities between the 1st and the 2nd creation stories.
Date posted: November 2, 2017. Answers (1)
- Explain five ways in which production activities may adversely affects the community(Solved)
Explain five ways in which production activities may adversely affects the community.
Date posted: November 2, 2017. Answers (1)
- Recently after the election, the demand for bread has drastically change negatively. Explain five possible causes of these scenarios.(Solved)
Recently after the election, the demand for bread has drastically change negatively. Explain five possible causes of these scenarios.
Date posted: November 2, 2017. Answers (1)
- Explain circumstances under which each of the following means of payment can be used. (i) Standing order (ii) Credit cards (iii) Credit transfers (iv) Crossed cheque (v) Postal orders(Solved)
Explain circumstances under which each of the following means of payment can be used.
i) Standing order
ii) Credit cards
iii) Credit transfers
iv) Crossed cheque
v) Postal orders
Date posted: November 2, 2017. Answers (1)
- Explain FIVE ways in which a government can practice trade Restriction.(Solved)
Explain FIVE ways in which a government can practice trade Restriction.
Date posted: November 2, 2017. Answers (1)
- Explain FIVE ways that the government can use to raise funds to finance its programme.(Solved)
Explain FIVE ways that the government can use to raise funds to finance its programme.
Date posted: November 2, 2017. Answers (1)
- Discuss five effects of eliminating a wholesaler from the chain of Distribution.(Solved)
Discuss five effects of eliminating a wholesaler from the chain of Distribution.
Date posted: November 2, 2017. Answers (1)
- Explain five benefits that a trader would get by advertising his products through radio.(Solved)
Explain five benefits that a trader would get by advertising his products through radio.
Date posted: November 2, 2017. Answers (1)
- Explain six emerging trends related to product promotion.(Solved)
State four emerging issues in product promotion
Date posted: November 2, 2017. Answers (1)
- Explain five sources of finance available to Kenya government.(Solved)
Explain five sources of finance available to Kenya government.
Date posted: November 2, 2017. Answers (1)
- Explain four statutory measures the government would take to control the impact of inflation.
(b). Using a well labeled diagram, explain the effects of fixing price...(Solved)
Explain four statutory measures the government would take to control the impact of inflation.
(b). Using a well labeled diagram, explain the effects of fixing price above and below the
equilibrium price.
Date posted: November 2, 2017. Answers (1)
- Explain four services offered by wholesalers to producers.(Solved)
Explain four services offered by wholesalers to producers.
Date posted: November 2, 2017. Answers (1)
- Explain five benefits that may accrue to a consumer who buys goods from a hypermarket(Solved)
Explain five benefits that may accrue to a consumer who buys goods from a hypermarket
Date posted: November 2, 2017. Answers (1)
- Explain five ways in which raw material may influence location of a business enterprise.(Solved)
Explain five ways in which raw material may influence location of a business enterprise.
Date posted: November 2, 2017. Answers (1)
- Explain five functions of micro finance institutions in promoting economic activities in a country(Solved)
Explain five functions of micro finance institutions in promoting economic activities in a country
Date posted: November 2, 2017. Answers (1)
- Discuss five measures that may be taken to solve unemployment in a country.(Solved)
Discuss five measures that may be taken to solve unemployment in a country.
Date posted: November 2, 2017. Answers (1)
- Explain five disadvantages of specialization and division of labour to an organization.(Solved)
Explain five disadvantages of specialization and division of labour to an organization.
Date posted: November 2, 2017. Answers (1)
- Discuss six ways in which a well developed transport system may be important to Kenya.(Solved)
Discuss six ways in which a well developed transport system may be important to Kenya.
Date posted: November 2, 2017. Answers (1)
- The East African countries are working towards integration of their economies. Explain four
stages they would go through to attain full integration.(Solved)
The East African countries are working towards integration of their economies. Explain four
stages they would go through to attain full integration.
Date posted: November 2, 2017. Answers (1)
- Describe six types of partners that can be found in a partnership form of business.(Solved)
Describe six types of partners that can be found in a partnership form of business.
Date posted: November 2, 2017. Answers (1)