Skip to main content

Other types of private sector organisations

Co-operatives

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.

S:\TripleA\Design\icons\small\question.gif

1

Business organisations

Match the following descriptions to the appropriate type of business organisation.

a)
b)
c)
d)
Yes, that's correct. Well done.No, that's not quite right. Have another go.Your answer has been saved.
Check your answer

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.