The word cooperative is also used to describe a non-share capital co-op model in which fee-paying members obtain the right to occupy a bedroom and share the communal resources of a house that is owned by a cooperative organization.
Definition of customer loyalty. Customer loyalty can be said to have occurred if people choose to use a particular shop or buy one particular product, rather than use other shops or buy products made by other companies.
Loyalty Distinction. Customers could be one-time or repeat patrons, but generally lack loyalty to the company providing the products or services. Businesses such as retail stores, restaurants, service stations, supermarkets, banks and amusement parks typically consider their patrons as customers.