an organization that is owned by its consumers. This form of organization provides an alternative mechanism for a firm to identify consumer wants: meetings with consumers replace market forces. In many cases not all consumers hold share capital. Nevertheless, they will receive a small annual dividend based on profits on sales. In this instance ownership is notional rather than real. See WORKERS' CO-OPERATIVE.
A farm cooperative in Tamari village, Ibaraki Prefecture, shipped imported pork as domestically produced to a consumers' cooperative in Tokyo for more than 11 years, the Tokyo cooperative said Tuesday.