Get the complete project »
- The Complete Research Material is averagely 113 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: MTech, MSc or PhD.
- Full Access Fee: ₦8,000
The research focuses on evaluating consumers Patronage of Consumer Cooperative Stores. A cross- sectional survey of two hundred (200) members of Consumer Cooperative was conducted to determine factors that influence consumers Patronage and also examine the level of patronage of consumer cooperative stores in Enugu State. A uniform set of structured questionnaire and interview were employed to collect data for the study.
The results show that sex, income level, education and availability are factors that influence patronage of consumer cooperative stores. More so, the result reveals that members of the consumer cooperative often patronize the consumer store. Consequently upon the findings, the researcher recommends that emphasis should be laid on cooperative education to equip members with the knowledge and skill about cooperative principles, management and business. More so, it will help to instill in members cooperative values, scale up their understanding and participation in cooperative business by organizing seminar, workshop, discussion group and meeting. Also staff-owned consumer cooperative stores should be established outside the working premises to attract none members to patronize the consumer store. More so enable them to compete with other retail outlets. Consumer cooperative should endeavour to employ staff for the consumer store instead of rotating it among themselves to avoid distraction. There is need for qualified manager and account officer for efficient management of the consumer cooperative store and record keeping. The cooperative should adopt the principle of patronage refund. Such policy promotes members loyalty thus increase the patronage of the consumer store.
1.1 BACKGROUND OF THE STUDY
Cooperative is a form of economic organization based on certain human values. The International Cooperative Alliance has defined cooperative as ‘an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically controlled enterprise’.
According to Kattookaran (2002) cooperatives are service-oriented institution based on the principles of each for all and all for each. It is an organization of the people, by the people and for the people. The basic objective of the cooperative movement is to achieve the welfare of the members concerned and to protect them from exploitation. In developing countries, cooperatives have been assigned some important role as instrument of economic and social transformation. Cooperative aims to remedy the economic inequality and the evils of concentration of the weaker section by the strong.
Cooperative came as an aftermath of industrial revolution which took place in Britain as a reaction to the capitalist exploitation such as hike in price, profiteering, adulteration of goods, offering to the market goods with incorrect weight and measures. The first workable cooperative society was founded in England by the Rochdale pioneers group of weavers. The policy and organization they adopted later became the principle of cooperation. The principles of cooperation formulated by Rochdale pioneer were: democratic control, open membership, limited interest on capital, patronage divided, cash trading, sale of pure and unadulterated goods, education of members and political and religious neutrality. The London Congress (1934) and Vienna Congress (1966) of the International Cooperative Alliances have revised the principles of cooperative formulated by Rochdale pioneers. The ICA general assembly met in the occasion of ICA’s centennial congress in Manchester in September 1995 and approved the ICA 1995 principles which include; voluntary and open membership, democratic management and control, member economic participation, autonomy and independence, education, training and information, cooperation among cooperatives, concern for community, Uchendu (1998) noted.
The cooperatives have enlarged its activities in all spheres of human life namely production, distribution, housing, education and so on.
1.1.1 CONSUMER COOPERATIVE SOCIETIES
Since time immemorial, middlemen have been exploiting the consumers. It is the consumers who ultimately bear all the burden of the various middlemen who engaged in the distributive channel of trade. These middlemen also indulge in the variety malpractices such as underweight, adulteration, black marketing, hoarding and profiteering. As long as these nefarious activities of the middlemen are not checked, price line cannot be brought under control, Himachalam (1991). Under this situation, consumer cooperative was the only answer to protect the interest of the consumers as a whole.
Consumer cooperative is a business enterprise run by consumers who are members as well as owners of the business. According to Guelp (1993), Consumer cooperative is a cooperative business owned by its customers for their mutual benefit. The consumers of the goods and services which the business provides are often the individuals who provide the capital required for establishing the enterprises.
In the words of Igwe (1999), consumer cooperative provides unlimited opportunities for helping to solve consumers’ problems and improving the quality of their lives. Consumer cooperative is organization, which intends to support the economy of member household through the acquisition of merchandise from wholesalers for sales to members at a fair price, Igwe (2006) noted. In carrying out their commercial activities, they are consciously guided ethically by values such as honesty in business, sales of high quality goods and services, fair prices and advice to consumers so as to get the best possible decision for the satisfaction of their needs.
A consumer cooperative store is a voluntary organization of consumers, organized to obtain their requirements of consumer goods and services on the terms of greatest advantages to them Mathur (1991). Consumer cooperative stores also sell to non-members and the cost savings that result from their large-scale operation are onto members. According to Kattookaran (2002), consumer cooperatives are supposed to serve as the best custodian of the consumers by supplying quality products and services at reasonable price and in correct weight.
Consumer cooperative society is one of the types of retail outlets. According to Agbonifoh et al (1998), consumer cooperative societies are economic associations of consumers for the purposes of purchasing goods from manufacturers or wholesalers to a retailer to members of the cooperative who, by definition, are final consumers. Retailing is the process of selling goods directly to the ultimate consumers. A retailer is a specialized marketing functionary linking the wholesaler or the producer with the final consumer. As a specialist in selling to the final consumers, he buys the assortment of goods demanded by the consumers and makes them available to the consumers at convenient points from numerous sources. He convinces the consumer to buy,
employs all the marketing variables at his disposal, Agbonifoh et al (1998).
According to , Agbonifoh et al (1998), retailing has evolved over the years as is evident in the different types of retailers and the different functions performed by them over time. Three theories have been advanced to explain the evolution of retail institutions. The theory of natural selection maintains that retail institution that adapts best to its environment will survive and grow. Another theory asserts that retailing institutions that pass through a life cycle begins with low margin, low price and minimum services. The next stage in the
life cycle sees the retailer upgrading his facilities and offerings and adding more services in a bid to increase the volume of sales and hopefully profit.
According to Uchendu (1998), consumer cooperative store is a retail store that is put up by group of people who come together as a sociological group to pursue common objectives of:
1. Buying in large quantities to reduce unit cost.
2. Buying directly from producers to reduce the incidence of buying adulterated goods.
3. Enjoy other economies of scale associated with bulk purchases.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR BUSINESS MANAGEMENT FINAL YEAR PROJECT RESEARCH TOPICS
» CHAPTER ONE 1.1 Back Ground to the Study: Corporate governance is the system by which companies are directed and controlled. Good governance can have ...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY Corporate social responsibility is one vital aspect of any business. However, this is one area w...Continue Reading »
3. HUMAN CAPITAL MANAGEMENT AND ORGANIZATIONAL GOAL ATTAINMENT IN AKWA IBOM STATE CIVIL SERVICE COMMISSION» CHAPTER ONE INTRODUCTION 1.1 Background to the study Employees are major assets of any organization. The active role they play towards an organization...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 background of the study Nigeria is a federal state made up of three tiers of governments. Accordingly, the constitutional...Continue Reading »
5. THE IMPACT OF MATERIAL REQUIREMENT PLANNING IN MANUFACTURING INDUSTRY (A Case Study of Peugeot Automobile Nigeria Plc, Kakuri Branch Kaduna)» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Production is the transformation of one set of resources into a second set. In order to describe ...Continue Reading »
6. PHYSICAL DISTRIBUTION MANAGEMENT IN BREWERY INDUSTRIES (A CASE STUDY OF NIGERIAN BREWERIES PLC ENUGU)» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Production is the creation of goods and services, the goods and services can be produced in facto...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of the study An effective employee is one of the biggest challenges for most entrepreneurs. According to them,...Continue Reading »
8. THE ROLE OF OFFICE ENVIRONMENT IN WORKERS PRODUCTIVITY (A CASE STUDY OF ESTABLISHMENTS IN OWERRI IMO STATE)» ABSTRACT The purpose of this study was the office environment of workers in selected establishments with view to determining whether the environment i...Continue Reading »
» INTRODUCTION The art of communication involves listening and speaking as well as reading and writing. Staffs need to be highly skilled in all these ar...Continue Reading »
10. THE ROLE OF LEADERSHIP PARTICIPATION IN PROMOTING COOPERATIVE SOCIETY [A STUDY OF KRPC MULTI- PURPOSE COOPERATIVE SOCIETY LTD)» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Leadership is as old as human being, there is no human endeavour that does not require proper lea...Continue Reading »