Cooperative

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Related to Co-operative: Co-operative housing

Cooperative

An organization owned by its members. Examples are agriculture cooperatives that assist farmers in selling their products more efficiently and apartment buildings owned by the residents who have full control of the property.

Cooperative

Any organization owned by its members. A cooperative may be a business owned by its employees and/or customers, a residential complex owned by the people who live in it, or even a bank owned by its depositors. Certain legal requirements are incumbent upon cooperatives; for example, there is often a cap on how much of their profits may be distributed. See also: Cooperative economics.

Cooperative (co-op).

A co-op is a corporation that owns a particular residential property. The shareholders are the tenants who, instead of owning an individual unit, own shares in the corporation, which gives them the right to live in that unit.

cooperative

see WORKERS' COOPERATIVE, RETAIL COOPERATIVE.

cooperative

a form of business FIRM that is owned and run by a group of individuals for their mutual benefit. Examples of cooperatives include:
  1. worker or producer cooperatives: businesses that are owned and managed by their employees, who share in the net profit of the business.
  2. wholesale cooperatives: businesses whose membership comprises a multitude of small independent retailers. The prime objective of such a group is to use its combined BULK-BUYING power to obtain discounts and concessions from manufacturers, similar to those achieved by larger SUPERMARKET chains.
  3. retail cooperatives: businesses that are run in the interest of customers, who hold membership rights entitling them to receive an annual dividend or refund in proportion to their spending at the cooperative's shops.

See WHOLESALER, RETAILER, DISTRIBUTION CHANNEL.

References in periodicals archive ?
Back in the UK, Co-operative customers can enjoy that glass of wine, bar of chocolate, or cup of tea even more, knowing that the person responsible for providing it has been paid a fair price.
Yet innovation and growth amongst co-operatives large and small, in everything from solar power to social care, have meant that the co-operative sector is growing and in good health.
And latest figures show that, whereas only 41% of all businesses in the UK survive their first five years, 80% of co-operatives are still going strong in this period.
While the Knights of Labour encouraged both consumer co-operatives and worker co-operatives, the American Federation of Labor (AFL) limited itself to "bread-and-butter issues" (104) and supported the wage system as permanent.
The Commission will consider the advantages to be gained from an expanded role for co-operatives and mutuals in the future and how this could be supported.
Co-operative Development Initiative The Co-operative Development Initiative is a unique federal program devoted to co-operatives.
It promises to be a very happy and co-operative year
The co-operative economy is no longer regarded as a business backwater.
Each winner will receive a pair of home tickets to enjoy all the excitement of The Co-operative Insurance Cup Second Round which takes place on August 24 or 25, 2010.
All you have to do to stand a chance of winning courtesy of The Co-operative, sponsors of The Co-operative Championships and Conference and official partner to the RFL, is tell us: Who are the current The Co-operative Championships champions?
Hazel Remeika, The Co-operative's Membership Manager for the North West, said: "Supporting local communities has been an inherent part of The Co-operative's values and principles since the beginning of the Co-operative Movement.

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