Cooperative

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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 ?
to work co-operatively in order to achieve the better balanced and sustained economic growth that is so important," Obama said.
Co-Op City in the Bronx, New York, provides another case in point of how creative energy management can pay off: As the largest co-operatively owned residential housing complex in America, Co-Op City is truly a city unto itself.
Aspen says the two countries are willing to work co-operatively with Canadians, while he recommends further exploration of Nordic technology for Northern Ontario.
There are10of us and we want to act responsibly and co-operatively.
The reality is that co-operatives are an international force to be reckoned with - more people work co-operatively than for the world's largest corporations.
Being able to work co-operatively in a range of environments is as vital a lesson for the young to learn as any.
The agreement designates two child welfare directors who will work co-operatively to improve child welfare services delivered by the Kasohkowew Child Wellness Society and who will also address longstanding issues surrounding First Nation child welfare service delivery.
KANATA, Ontario, June 3 /PRNewswire/ -- DY-4 Systems and Newbridge Networks Corporation (NASDAQ-NMS: NNCXF) through its division, Newbridge Microsystems, have signed a memorandum of understanding under which the companies will co-operatively develop and sell Openbus(TM) interface chips.
Working co-operatively countries can deter, detect and respond to aggressive tax planning in an effective way while at the same time ensuring certainty and predictability for compliant taxpayers.
Members of the co-operatively owned scheme achieved the support after taking to the streets to talk to local people about the project.
The negotiated agreement was reached by both sides coming to the table and working co-operatively.
All 80-plus levels of the singleplayer game can be played co-operatively and there's an additional four-player mini-game battle arena that provides more fun.