Other types of private sector organisations
A co-operative is an organisation run by a group of people, each of whom has a financial interest in its success and how it is managed. That group may be the producers (agricultural co-operative), the workers (workers co-operative) or the customers (retail co-operative). The profits of the co-operative will be shared on an individual basis. Co-operatives are found across all sectors, but their importance differs from country to country. In Europe, co-operatives are popular in agriculture and retailing. Much of the wine industry in Europe is organised on a cooperative basis. Almost all of Japanese farmers belong to Nokyo, one of the largest co-operatives in the world
Most co-operatives are registered as limited liability companies.
Match the following descriptions to the appropriate type of business organisation.
Whenever you look at a business look carefully at how they are owned and where they operate. Are they simply a small local organisation? Are they privately owned or are they a limited company or partnership? Are they part of a larger national company? Are they perhaps part of a multinational group?
When you stop looking at this screen and next go out (which could be in the next few minutes) - have a look at the first five businesses you see and see if you can answer the above questions about them. Why not use the web to investigate a little bit more about them? You may be surprised.