Cooperative


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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 ?
Mindoro Progressive Multi-Purpose Cooperative, Mamburao, Occidental Mindoro
Many states have cooperative laws that only permit the incorporation of agricultural or utility cooperatives.
Additionally, Silver has partnered with USAID on cooperative and capital enhancement projects in Peru; offered cooperative education to credit unions in the Dominican Republic; and is active in the expansion of Spain's Mondragon Cooperative to the U.
At the first Cooperative Commission held in the Planning Organization, with the membership of a group of experts of Article 4 and United Nations, national cooperative plans have been discussed and approved by the commission.
The Oklahoma Food Cooperative created an innovative structure for cooperatives by including both producers and consumers as members.
Lois Larson, Richard Wagner, Gardonville Cooperative Telephone Association; Duane Evenson, Ronald Gotteberg, Elroy Hedde, Kent Wavra, Halstad Telephone Co.
Jenkins, Antil, & Vadasy (2003) investigated the perceptions of general education teachers towards the effectiveness of cooperative learning on special education students.
The question was whether this entity was "operating on a cooperative basis," within the meaning of Sec.
The Silver Spring Cooperative Nursery School is one focus not only because it provided copious documentation but also because it served as a model for schools across the country when it began publishing handbooks in the early 1940s.
Research constantly showed that the learning styles of African American males were unique and cooperative learning was the most effective method of teaching these students (Peterz, 1999).
According to Paran, this movement carries for local government the same cooperative spirit that is manifested in general purchasing contracts between state and local government.
Consequently, they must be consistently harnessed and fed into the cooperative equation, if efforts to safeguard the region against narcotics trafficking, and other elements of trans-national crime are to be effective.

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