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| 单词 | retail cooperative |
| 释义 | retail cooperativeretail cooperativean organization that is owned by its consumers. This form of organization provides an alternative mechanism for a firm to identify consumer wants: meetings with consumers replace market forces. In many cases not all consumers hold share capital. Nevertheless, they will receive a small annual dividend based on profits on sales. In this instance ownership is notional rather than real. See WORKERS' CO-OPERATIVE. |
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