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 ?
The Ontario Natural Food Co-op was originally started as a depot for smaller, co-operatively run buying clubs, and is now a wholesaler whose customers include The Big Carrot and Karma Co-op in Toronto, and London Co-op in southwestern Ontario.
As with the JAS 39 suite, the EW equipment for the French Rafale ATC/ATM is being developed co-operatively by Thomson-CSF (laser warner, representative" between industry and government and participation in the electromagnetic warning/radar jamming subsystems), Dassault Electronique (lead on electromagnetic warning and jamming) and Matra (lead on the dispenser subsystem).
It enables employees to leverage their strengths in the workplace, work co-operatively and feel valued.
As part of the Victorian Budget 2017-18, the fund will co-operatively develop a program with rural and regional councils, in order to help them respond to external financial pressures and structural issues.
Milnsbridge's co-operatively run Red and Green Club will host dozens of open-minded, left and liberal-minded events at its Bankwell Road hub from 7.
In the immediate post-war era, the idea was to build a British world-beating Grand Prix racing car as a prestige project, developed co-operatively by the country's motor industry.
Cabinet member for community development, co-operatives and social enterprise, Councillor Peter Bradbury, said: "This is a great example of what can be achieved in Cardiff when the city council, local organisations and communities within the city work co-operatively.
We are working co-operatively in Wales to raise money for co-operatively managed sustainability projects at home and abroad.
Alternatively, four mates can play alongside each other co-operatively.
They do so co-operatively and now more than ever it is vital that working people bond together in co-operation.
MANAMA: The GCC can play a decisive role in moving the region forward both economically and co-operatively, said HRH the Premier yesterday.
Obama told Wen their countries should work co-operatively toward balanced economic growth amid rising tensions over currency and trade.