cooperative buying
nounUK /kəʊˈɒpərətɪv ˈbaɪɪŋ/
US /koʊˈɑːpərətɪv ˈbaɪɪŋ/
When a group of people buy things together to get a better price.
Our neighborhood saved money through cooperative buying of vegetables.
RELATED WORDS
OTHER MEANINGS
2. A purchasing arrangement where businesses combine orders to lower costs.
The small shops used cooperative buying to compete with big chains.
3. A system where members of a cooperative pool their money to buy goods in bulk.
The food cooperative buying program delivers fresh produce every week.
4. The practice of consumers joining together to negotiate better deals from sellers.
Cooperative buying helped residents get cheaper internet service.