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MKT301Management Sciences2 Unitsintermediate

Consumer Co-Operatives

This course explores the principles and practices of consumer cooperatives. It covers the history of cooperative movements, organizational structures, and management strategies. Key topics include competitive market analysis, financial management, and the distribution of surplus. Students will learn about the challenges and opportunities facing consumer cooperatives in Nigeria, as well as strategies for effective operation and member engagement. The course aims to equip students with the knowledge and skills to contribute to the success of cooperative enterprises.

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52h

Study Time

13

Weeks

4h

Per Week

basic

Math Level

Course Keywords

Consumer CooperativesCooperative ManagementMarket StructureFinancial ManagementNigeria

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level

Builds on foundational knowledge

65%

intermediate

➕

Math Level

Basic Math

🔬

Learning Type

Hands-on Practice

Course Topics

Key areas covered in this course

1

History of Cooperative Movements

2

Organizational Structures

3

Management Strategies

4

Competitive Market Analysis

5

Financial Management

6

Surplus Distribution

7

Legal Frameworks

8

Case Study Analysis

Total Topics8 topics

Requirements

Knowledge and skills recommended for success

Basic Economics

Introduction to Business Management

💡 Don't have all requirements? Don't worry! Many students successfully complete this course with basic preparation and dedication.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Cooperative Manager

Apply your skills in this growing field

Community Development Officer

Apply your skills in this growing field

Business Development Manager

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Entrepreneur

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

AgricultureRetailFinanceCommunity DevelopmentSocial Enterprise

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1:

4h

Unit 1: The History of the British Consumer Cooperative Movement

2 study hours

•Read Unit 1: The History of the British Consumer Cooperative Movement.
•Understand the origins of the cooperative movement and its development in Britain.
•Identify the key principles and values that guided early cooperative societies.

Unit 2: The Structure and Problems of Consumer Cooperative in Nigeria

2 study hours

•Read Unit 2: The Structure and Problems of Consumer Cooperative in Nigeria.
•Examine the organizational structure of consumer cooperatives in Nigeria.
•Identify the challenges and problems that commonly affect consumer cooperatives.

Week

2

Module 1:

4h

Unit 3: The Concept of Competitive and Monopolistic Market Structure

2 study hours

•Read Unit 3: The Concept of Competitive and Monopolistic Market Structure.
•Understand the characteristics of competitive and monopolistic market structures.
•Analyze how market structure influences firm behavior and pricing strategies.

Unit 4: The Social Criticisms of the Capitalist Market – High Prices, Wasteful Advertising, Hoarding Goods etc

2 study hours

•Read Unit 4: The Social Criticisms of the Capitalist Market – High Prices, Wasteful Advertising, Hoarding Goods etc.
•Explore the criticisms of capitalist markets, including high prices and wasteful advertising.
•Discuss the social and economic implications of hoarding goods.

Week

3

Module 1:

3h

Unit 5: The Diseconomies of the Prevailing Distributive System

3 study hours

•Read Unit 5: The Diseconomies of the Prevailing Distributive System.
•Examine the inefficiencies and drawbacks of the prevailing distributive system.
•Discuss the advantages and disadvantages of vertical integration in cooperative marketing.

Week

4

Module 2:

4h

Unit 1: The Introduction of Consumer Cooperative In Nigeria With The NSCA In 1940. Reasons for Failure of Early Societies

2 study hours

•Read Unit 1: The Introduction of Consumer Cooperative In Nigeria With The NSCA In 1940. Reasons for Failure of Early Societies.
•Understand the historical context of consumer cooperatives in Nigeria.
•Identify the reasons for the failure of early cooperative societies.

Unit 2: The Choice Between a "Top-Downwards" and "Bottom-Upward" Organisation Structure

2 study hours

•Read Unit 2: The Choice Between a "Top-Downwards" and "Bottom-Upward" Organisation Structure.
•Compare and contrast top-down and bottom-up organizational structures.
•Evaluate the strengths and weaknesses of each approach in the context of cooperative societies.

Week

5

Module 2:

3h

Unit 3: The History and Strength of Consumer Cooperatives in Nigeria Today

3 study hours

•Read Unit 3: The History and Strength of Consumer Cooperatives in Nigeria Today.
•Examine the current state of consumer cooperatives in Nigeria.
•Assess the strengths and weaknesses of consumer cooperatives in the present context.

Week

6

Module 2:

4h

Unit 4: Organisation Structure of Cooperative Societies in Nigeria

2 study hours

•Read Unit 4: Organisation Structure of Cooperative Societies in Nigeria.
•Understand the organizational structure of cooperative societies in Nigeria.
•Identify the different types of cooperative societies based on their structure.

Unit 5: Organisation and Management of Consumer Cooperatives

2 study hours

•Read Unit 5: Organisation and Management of Consumer Cooperatives.
•Explore the principles of organization and management in consumer cooperatives.
•Understand the roles and responsibilities of different stakeholders in cooperative management.

Week

7

Module 3:

4h

Unit 1: Selling, Financing, Pricing and Salesmanship

2 study hours

•Read Unit 1: Selling, Financing, Pricing and Salesmanship.
•Understand the concepts of selling, financing, pricing, and salesmanship in a cooperative context.
•Analyze the factors that influence pricing decisions in cooperative societies.

Unit 2: Book-Keeping in a Consumer Cooperatives

2 study hours

•Read Unit 2: Book-Keeping in a Consumer Cooperatives.
•Explore the principles of bookkeeping in consumer cooperatives.
•Understand the legal provisions relating to accounting in cooperative businesses.

Week

8

Module 3:

3h

Unit 3: Distribution of Surplus

3 study hours

•Read Unit 3: Distribution of Surplus.
•Understand the principles of surplus distribution in cooperative societies.
•Analyze the different methods for distributing surplus equitably among members.

Week

9

Module 3:

3h

Unit 4: General Meetings: Committee Meetings, Functions of the General Manager

3 study hours

•Read Unit 4: General Meetings: Committee Meetings, Functions of the General Manager.
•Explore the roles and functions of general meetings and committee meetings.
•Understand the responsibilities of the general manager in a cooperative society.

Week

10

Module 3:

3h

Unit 5: Duties of Secondary and Apex Consumer Societies. Case Study Guides to Case Study for Examination Purposes And Class Discussions

3 study hours

•Read Unit 5: Duties of Secondary and Apex Consumer Societies. Case Study Guides to Case Study for Examination Purposes And Class Discussions.
•Understand the duties of secondary and apex consumer societies.
•Analyze case studies to identify problems and propose solutions for cooperative societies.

Week

11

Module 1:

4h

Unit 1: Review of Module 1

4 study hours

•Review Module 1: Key concepts and principles.
•Complete assignments related to Module 1 topics.
•Prepare for tutor-marked assignments (TMAs).

Week

12

Module 2:

4h

Unit 1: Review of Module 2

4 study hours

•Review Module 2: Key concepts and principles.
•Complete assignments related to Module 2 topics.
•Prepare for tutor-marked assignments (TMAs).

Week

13

Module 3:

4h

Unit 1: Review of Module 3

4 study hours

•Review Module 3: Key concepts and principles.
•Complete assignments related to Module 3 topics.
•Prepare for tutor-marked assignments (TMAs).

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create concept maps linking Units 1-5 market structure concepts.

2

Practice financial statement analysis from Units 7-9 weekly.

3

Review case studies in Unit 10 and brainstorm alternative solutions.

4

Allocate study time proportionally based on unit difficulty (more time for Units 3 and 8).

5

Form a study group to discuss TMAs and clarify complex topics.

6

Focus on understanding the legal frameworks discussed in Units 6 and 9.

7

Practice applying management strategies from Units 4 and 5 to real-world scenarios.

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