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 ?
Likewise, the co-operative members think that the state does not support co-operative development in 97.4% of cases (c2.=174.515, N=194, df=1, p (less than) =0.01).
The Co-operative provides a comprehensive Wills and Funeral Planning service.
One issue that highlighted further divisions within the Rochdale movement and the broader co-operative movement was Aboriginal co-operatives.
Canadian Co-operative Association--coopscanada.coop
He noted that the standards would not be lowered to accommodate co-operatives, hence they needed to strive to meet the dictates of those standards.
The present finance minister inherited a rotten, corrupt and incompetent co-operative system.
County Executive Committee Members for Trade and Co-operative, the Act says, will, among other things, oversee implementation of policies and strategies of co-operative societies while a directorate will be formed to oversee the implementation of the law.Stakeholders say the county assembly failed to recognise that some co-operative societies have countrywide membership, and this might cause confusion in their regulation.
"And the proof is in the pudding, with the SAOS [Scottish Agricultural Organisation Society Ltd] members' collective turnover around the PS2bn mark and the ICOS [Irish Co-operative Organisation Society] members' combined turnover hitting almost [euro]15bn."
The opening day comes after the board and management of Central England Co-operative and Wooldale Co-operative decided to join forces.
The President was speaking at the 95th International Co-operative Day celebration held on Saturday (1st July) at the Maligapitiya Playground in Kurunegala.
MEMBERSHIP of co-operative businesses in the UK has reached a record level - equivalent to a third of the country's adult population, a new report reveals.