Saturday, 31 May 2014

ACFA: Question About Cooperative. No 5




Question 5: What Steps Were Taken To Quench The Unpalatable Situation?

Answer: In August 1844, a group of Rochdale workers after weighing the situation and knowing that if urgent step is not taken, things may get from bad to worse for them. Hence, they met to form a co-operative society. The 28 original members saw co-operation as the best way forward to give ordinary people control over their own business. They therefore resolved that to succeed, all members must having an equal share in the decision making and receiving a fair share of the profits by paying part of the investment of the business of the group, and also participating effectively for the success of the business. After meeting up with their individual expectation to be part of the business they named their co-operative ‘The Rochdale Society* of Equitable Pioneers’

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