retail cooperative(redirected from Consumers' cooperative)
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retail cooperativean 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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson