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 project will give different age groups of children the chance to work co-operatively. I am sure the stimulus will lead to high quality work across the whole curriculum."
The Australian State and mainland Territory Governments and the Australian Government, which have responsibility for managing co-operatively all higher education approval processes, first agreed to the adoption of the National Protocols on 31 March 2000.
This new legislation is intended to provide opportunities for inspectors from 13 enforcement ministries to work more co-operatively, share compliance-related information between ministries, or provide a "heads-up" to share observations that may be relevant to another ministry, says Ministry of Labour (MOL) spokesperson Bruce Skeaff.
Introducing the reader to and intricate undersea life form, Eastern Pacific Nudibranchs covers in thorough detail the individualistic attributes of the many little creatures and species of Nudibranchs the authors have co-operatively discovered and extensively studied.
Energy Developments Ltd., headquartered at Eight Mile Plains in Queensland, Australia, and Westport Innovations Inc., based in Vancouver, British Columbia, said they will "co-operatively explore business opportunities for Westport's proprietary high-pressure direct injection natural gas technology in off-road engine applications in Australia." They said they are looking at engines for mining trucks.
"They work co-operatively for common goals, and these factors provide the context in which more intergroup marriages are likely to occur."
In the West, agrarian-based producer co-ops formed, eventually giving rise to the co-operatively structured grain pools, to have a greater say over the prices and sale of their harvests.
"I think that we're trying to work co-operatively to assist all Canadian producers to have better relationships with those from other countries." During Cannes, British Columbia's numbers for 2002 were released, and total production had dropped slightly below $1 billion with "a fairly significant drop on the domestic side," Regan said.
(3) Community engagement in this context includes community service and other activities through which the University engages co-operatively with a wide range of professional and other communities in the provision of undergraduate courses, professional development programs, research, consultancies and other academic services.
The NVO and CCP Boards agreed unanimously to work closely together and co-operatively to create a Memorandum of Understanding which is to be executed by June 30, 2004.
Partners must demonstrate continuing support for ongoing interoperability based on open standards, and commit to working co-operatively to resolve any customer interoperability issues.
The Roman Catholic Church, while not a member church, works co-operatively with the WCC.