Cooperative

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Related to Co-operative society: Cooperative movement

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 ?
The Manawatu Co-operative Society Ltd, 1935-1939, BA Hons thesis, Department of History, Massey University, 1995, p.
Union Co-operative Society is a chain of hypermarkets having seven outlets in major residential areas in Dubai such as Al Towar, Jumeirah, Al Rashidiya, Satwa, Al Mankhool, Hamriya and Al Aweer.
Established in 1859, the Plymouth & South West Co-operative Society is a highly successful, independent retail co-operative, which is owned and controlled by its more than 130,000 members.
Midlands Co-operative Society is a unique business with a truly open and honest attitude that stands by its beliefs.
Sharjah Co-operative Society is discounting 200 items, Baniyas Co-operative Society has 150 items, and the Union Co-operative Society is selling 25 items at cost, he added.
Allendale Co-operative Society (best shop/PO), The Country Barn farm shop in Widdrington, near Morpeth, (best local food category) and Piercebridge Organic Farm Shop and Cafe near Darlington, County Durham (best diversification), picked up their regional titles in December.
It all began with the Rochdale Pioneers in 1844 but didn't arrive in Birmingham until 1875 with the Ten Acres and Stirchley Co-Operative Society.
OTCBB:CFPC) announced today that pursuant an agreement with the Blue Mountain Coffee Co-Operative Society Ltd ("BMCC") of Jamaica, Coffee Pacifica will be the exclusive world-wide marketer and distributor of the "Penlyne Castle" brand "Jamaican Blue Mountain" coffee beans produced by BMCC in Jamaica.
Pictured(left to right) are Darryl Smith, General Manager of the Heart of England Co-operative Society Funeral Division; Hanne Hoeck, Society President; Ali Kurji, Society Chief Executive; Cllr Lindsley Harvard, Deputy Mayor of Coventry; the Rev Steve Burch, Area Dean; and Jenny Smyth, Funeral Services Manager for The Co-operative Funeralcare in Coventry.
Situated in the layout formed by karnataka state judicial department employees house building co-operative society limited, bengaluru in several survey numbers of lands situated in allalasandra chikkabommasandra and jakkur plantation villages approved by bda yelahanka hoball that piece and parcel of residential site bearing no.
MIDLANDS Co-operative Society chief executive Martyn Cheatle celebrated his colleagues' landmark fundraising figure of PS300,000 to help disabled and terminally ill children.
Pete Whitmore, the head of food at Midlands Co-operative Society, is set to retire after 45 years' service with the society.

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