retail cooperative
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retail cooperative
an organization that is owned by its consumers. This form of organization provides an alternative mechanism for a firm to identify consumer wants: meetings with consumers replace market forces. In many cases not all consumers hold share capital. Nevertheless, they will receive a small annual dividend based on profits on sales. In this instance ownership is notional rather than real. See WORKERS' CO-OPERATIVE.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive
A farm cooperative in Tamari village, Ibaraki Prefecture, shipped imported pork as domestically produced to a
consumers' cooperative in Tokyo for more than 11 years, the Tokyo cooperative said Tuesday.
An agricultural cooperative in Nakatsu, Oita Prefecture, shipped mislabeled pork, a
consumers' cooperative society's survey revealed Friday.
Consumers' cooperatives are set up by regions and work places and pay lower corporate taxes.
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