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 ?
Union Co-operative Society has always been committed to maximizing employment opportunities for Nationals, and this MoU will help us recruit the right candidates,C[yen] said Khaled Humaid Al Falassi.
The new list would include the European Company and the European Co-operative Society which can be created from 2004 and 2006 respectively under the new EU-wide Statutes;
Penlyne Castle" brand "Jamaican Blue Mountain" coffee is grown by Blue Mountain Coffee Co-Operative Society Ltd ("BMCC") of Jamaica.
As Mr Wachira Mwago, chairman of Barichu Co-operative Society in Nyeri County, says, Prof Kieyah and his team must consider cases of successful societies before rushing to make CDU mandatory.
Adarsh Credit, being a pioneer in the co-operative space, with 100 percent of its business through a digital framework, will now be able to provide its advisors with Oxigen's Micro ATM services, eKYC, virtual Rupay Card, AEPS, value added services and more," said Rahul Modi, MD and CEO, Adarsh Credit Co-operative Society.
BLIND and partially sighted children and young people with multiple disabilities and complex health needs have been given a boost thanks to members of the Heart of England Co-operative Society.
MIDLANDS Co-operative Society chief executive Martyn Cheatle celebrated his colleagues' landmark fundraising figure of PS300,000 to help disabled and terminally ill children.
M2 EQUITYBITES-November 14, 2012-Glanbia Co-operative Society members okay JV deal with Glanbia(C)2012 M2 COMMUNICATIONS http://www.
The Yorkshire Air Ambulance(YAA) were given a cheque for pounds 2,500 by Wooldale Co-operative Society.
Pete Whitmore, the head of food at Midlands Co-operative Society, is set to retire after 45 years' service with the society.
The Midlands Co-operative Society has appointed Stephen Beresford as PR and marketing manager in charge of the department which includes the advertising and design studio.

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