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 ?
One interesting aspect of the third study compared to the other two was that players sat together the same room playing cooperatively.
Taylor, Chief Executive Officer of OPT, said: "We are pleased that PNGC Power has pledged their support for this project and to be working cooperatively with them.
The EBT Industry Council welcomes any former EBS Council members who wish to continue working cooperatively on the development of the next generation of EBT systems and applications.
Southern California Edison, California Park Service, Marine Corps Base Camp Pendleton, the cities of Dana Point, San Clemente, San Juan Capistrano, and Orange and San Diego counties will cooperatively conduct the annual test of the Community Alert Siren System on Wednesday, October 26, 2005.
We have expressed to the flight attendant executive council our sincere congratulations and interest in teaming to cooperatively operate in a manner consistent with this new agreement," said Bill Boisture, NetJets Aviation president.
Washburn County was the first county to work cooperatively with ATC on the project.
Hospital managers and staff worked cooperatively with parish authorities during the past several weeks to restore municipal water and power as well as other essential services.
I would like to stress that S3 was prepared with the necessary information to have the filing completed on time and will continue to work cooperatively with our auditors to complete and file the 10-K by October 13, 2005.
The residual propane is being allowed to burn off and the company is working cooperatively with onsite regulatory authorities.
Through his new company, Demand Pooling Global Services, ("DEPO"), it now looks like he will help state and local governments nationwide better utilize their constituents' tax dollars by enabling all sizes of governmental entities to pool together their demand and cooperatively buy and finance their high-ticket purchase requirements, while allowing vendors to take advantage of tremendous manufacturing efficiencies.
At this time, Mount Real has not been contacted by the AMF, but will work cooperatively in order to provide them with the most accurate information.
We work cooperatively to develop a comprehensive customer relationship strategy that strengthens the bond to both existing customers and future prospects.

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