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 ?
One interesting aspect of the third study compared to the other two was that players sat together the same room playing cooperatively.
Taylor, Chief Executive Officer of OPT, said: "We are pleased that PNGC Power has pledged their support for this project and to be working cooperatively with them.
The companies will work cooperatively at field days, farmer meetings and elsewhere to promote the LibertyLink and insect resistance attributes this seed offers.
We worked real cooperatively with the city on the first annexation,'' said Marlee Lauffer, spokeswoman for Newhall Land.
CRI remains sensitive to the consumer concerns which have been raised and will continue to work cooperatively with all parties concerned in resolving the issue.
The EBT Industry Council welcomes any former EBS Council members who wish to continue working cooperatively on the development of the next generation of EBT systems and applications.
The 34th Street Partnership is working cooperatively with all relevant city agencies and community boards, including the Art Commission of the City of New York, the Department of Consumer Affairs, the Department of Transportation, the Department of Parks and Recreation, the Planning Commission, the Fire Department, the Landmarks Preservation Commission, and Community Boards 4, 5, and 6.
Under the Business Developer Agreement, the two companies will work cooperatively to attract Thoroughbred Software International's extensive VAR channel to Digital's platforms, and to increase understanding and awareness within Digital's sales channel of the fullness of Thoroughbred's line of Thoroughbred Software.
The residual propane is being allowed to burn off and the company is working cooperatively with onsite regulatory authorities.
In April, 1991, the courts decided shareholders of a defunct cooperative became subject to rent control as soon as the building was no longer cooperatively owned.
AUSTIN, Texas -- The Texas Apartment Association (TAA) is encouraging its members to work cooperatively with local authorities and support relief efforts for victims of Hurricane Katrina.
Through his new company, Demand Pooling Global Services, ("DEPO"), it now looks like he will help state and local governments nationwide better utilize their constituents' tax dollars by enabling all sizes of governmental entities to pool together their demand and cooperatively buy and finance their high-ticket purchase requirements, while allowing vendors to take advantage of tremendous manufacturing efficiencies.

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