Consumer Co-Operatives
- Management Sciences
- 300 level
- 2 credit units
- 83 pages
- 15 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 52 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- Yes
- Basic Economics
- Introduction to Business Management
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of MKT301, taken from the course material NOUN publishes.
- UNIT 1 THE HISTORY OF THE BRITISH CONSUMER COOPERATIVE MOVEMENTPage 1
- UNIT 2 THE STRUCTURE AND PROBLEMS OF CONSUMER COOPERATIVE IN NIGERIAPage 6
- UNIT 3 THE CONCEPT OF COMPETITIVE AND MONOPOLISTIC MARKET STRUCTUREPage 13
- UNIT 4 THE SOCIAL CRITICISMS OF THE CAPITALIST MARKET – HIGH PRICES, WASTEFUL ADVERTISING, HOARDING GOODS ETCPage 16
- UNIT 5 THE DISECONOMIES OF THE PREVAILING DISTRIBUTIVE SYSTEMPage 20
- UNIT 1 THE INTRODUCTION OF CONSUMER COOPERATIVE IN NIGERIA WITH THE NSCA IN 1940. REASONS FOR FAILURE OF EARLY SOCIETIESPage 24
- UNIT 2: THE CHOICE BETWEEN A “TOP-DOWNWARDS” AND “BOTTOM-UPWARD” ORGANISATION STRUCTUREPage 33
- UNIT 3 THE HISTORY AND STRENGTH OF CONSUMER COOPERATIVES IN NIGERIA TODAYPage 36
- UNIT 4 ORGANISATION STRUCTURE OF COOPERATIVE SOCIETIES IN NIGERIAPage 41
- UNIT 5 ORGANISATION AND MANAGEMENT OF CONSUMER COOPERATIVESPage 46
- UNIT 1 SELLING, FINANCING, PRICING AND SALESMANSHIPPage 52
- UNIT 2 BOOK-KEEPING IN A CONSUMER COOPERATIVESPage 57
- UNIT 3: DISTRIBUTION OF SURPLUSPage 65
- UNIT 4: GENERAL MEETINGS: COMMITTEE MEETINGS, FUNCTIONS OF THE GENERAL MANAGERPage 69
- UNIT 5 DUTIES OF SECONDARY AND APEX CONSUMER SOCIETIES. CASE STUDY GUIDES TO CASE STUDY FOR EXAMINATION PURPOSES AND CLASS DISCUSSIONSPage 78
One paragraph, so you can see how it reads
MKT301 · UNIT 1 THE HISTORY OF THE BRITISH CONSUMER COOPERATIVE MOVEMENT
This chapter traced the historical evolution of the British consumer cooperative movement beginning from the Owenites and up till the time of Rochdale pioneers in 1844. It also discusses the general areas of focus of the early cooperative movements and the rules and regulations which guided the early cooperative movement.
What you should be able to do
- Understand the history and principles of cooperative movements.
- Analyze the organizational structures of consumer cooperatives.
- Apply effective management strategies in cooperative settings.
- Evaluate the competitive landscape and market structures.
- Manage finances and distribute surplus equitably.
- Understand the legal frameworks governing cooperative societies.
- Analyze case studies and propose solutions for cooperative challenges.
What it prepares you for
- Cooperative Manager
- Community Development Officer
- Business Development Manager
- Financial Analyst
- Entrepreneur
- Agriculture
- Retail
- Finance
- Community Development
- Social Enterprise
- Accounting Software
- Spreadsheet Software
- Online Collaboration Tools
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 1:
Unit 3: The Concept of Competitive and Monopolistic Market Structure
Understanding the nuances of competitive versus monopolistic market structures requires strong analytical skills and economic reasoning.
- Module 3:
Unit 2: Book-Keeping in a Consumer Cooperatives
Applying bookkeeping principles in a cooperative setting requires understanding specific legal and regulatory frameworks.
A suggested way through it
13 weeks, about 47 hours in total. Yours will differ.
- Week 1Module 1:
Unit 1: The History of the British Consumer Cooperative Movement · 2 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 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 2Module 1:
Unit 3: The Concept of Competitive and Monopolistic Market Structure · 2 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 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 3Module 1:
Unit 5: The Diseconomies of the Prevailing Distributive System · 3 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 4Module 2:
Unit 1: The Introduction of Consumer Cooperative In Nigeria With The NSCA In 1940. Reasons for Failure of Early Societies · 2 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 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 5Module 2:
Unit 3: The History and Strength of Consumer Cooperatives in Nigeria Today · 3 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 6Module 2:
Unit 4: Organisation Structure of Cooperative Societies in Nigeria · 2 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 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 7Module 3:
Unit 1: Selling, Financing, Pricing and Salesmanship · 2 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 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 8Module 3:
Unit 3: Distribution of Surplus · 3 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 9Module 3:
Unit 4: General Meetings: Committee Meetings, Functions of the General Manager · 3 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 10Module 3:
Unit 5: Duties of Secondary and Apex Consumer Societies. Case Study Guides to Case Study for Examination Purposes And Class Discussions · 3 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 11Module 1:
Unit 1: Review of Module 1 · 4 hours
Review Module 1: Key concepts and principles.. Complete assignments related to Module 1 topics.. Prepare for tutor-marked assignments (TMAs)..
- Week 12Module 2:
Unit 1: Review of Module 2 · 4 hours
Review Module 2: Key concepts and principles.. Complete assignments related to Module 2 topics.. Prepare for tutor-marked assignments (TMAs)..
- Week 13Module 3:
Unit 1: Review of Module 3 · 4 hours
Review Module 3: Key concepts and principles.. Complete assignments related to Module 3 topics.. Prepare for tutor-marked assignments (TMAs)..
Preparing for the exam
- Create concept maps linking Units 1-5 market structure concepts.
- Practice financial statement analysis from Units 7-9 weekly.
- Review case studies in Unit 10 and brainstorm alternative solutions.
- Allocate study time proportionally based on unit difficulty (more time for Units 3 and 8).
- Form a study group to discuss TMAs and clarify complex topics.
- Focus on understanding the legal frameworks discussed in Units 6 and 9.
- Practice applying management strategies from Units 4 and 5 to real-world scenarios.
Questions students ask about this course
What is MKT301 about?
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.
How many units does MKT301 have?
MKT301, Consumer Co-Operatives, has 15 units across 3 modules, over 83 pages of course material. You can read it one unit at a time.
How many credit units is MKT301?
MKT301 carries 2 credit units, at 300 level in Management Sciences.
Is MKT301 hard?
MKT301 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work, and it has a practical component.
How long does MKT301 take to study?
About 52 hours of study, spread across its 15 units.
How is MKT301 assessed?
MKT301 is assessed by assignments, tutor marked assessments and final examination.
What do I need before starting MKT301?
Basic Economics Introduction to Business Management
What can I do with MKT301?
Cooperative Manager, Community Development Officer, Business Development Manager, Financial Analyst and Entrepreneur.