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 ?
The men have raised [pounds sterling]7,000 through sales and grants from organisations such as the Heart of England Co-operative Society, which awarded [pounds sterling]500.
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;
This helps in monitoring field officers, milk collection routes and collection points and other vital information, thanks to Accu Systems Ltd, the company that installed the app."It was difficult to monitor the operations of the co-operative before the technology came," Kithirune Dairy Co-operative Society chairman Justus Mutuma told Seeds of Gold.
Speaking in an interview, Ms Onalenna Moshabi, said Motswedi SACCOS was a co-operative society for employees in the ministries of agricultural development and food security as well as investment, trade and industry, but would soon transform in order to accommodate other departments and parastatals.
Ali Kurji, chief executive of the Heart of England Co-operative Society, said: "The more applications we have received over the past 18 years, the more we have learned just how many unsung heroes there are in this area who work so selflessly every day to help people in their community.
The global summit will be witness how a credit co-operative society originating from a very small city of Sirohi (Rajasthan) has achieved tremendous success by keeping digital transformation and technical up gradation at the core of its objectives.
With almost 100,000 advisors using the app as of Nov '17 actively, Adarsh Credit Co-operative Society Ltd.
Shareholders of Irish food group Glanbia plc (OTC: GLAPF) have approved the sale of a 60% interest in Glanbia's Dairy Ireland segment to to its largest shareholder, Glanbia Co-Operative Society Ltd., the companies said.
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.m2.com
The Yorkshire Air Ambulance(YAA) were given a cheque for pounds 2,500 by Wooldale Co-operative Society.

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