Patronage - Commercial

Commercial

Sometimes consumers support smaller or local businesses or corporations out of loyalty even if less expensive options exist. Their regular custom is referred to as 'patronage'. Patronage may entitle members of a consumers' cooperative to a share of the surplus or profit generated by the coop, called a patronage refund. This refund is a form of dividend.

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Famous quotes containing the word commercial:

    The home is a woman’s natural background.... From the beginning I tried to have the policy of the store reflect as nearly as it was possible in the commercial world, those standards of comfort and grace which are apparent in a lovely home.
    Hortense Odlum (1892–?)

    I do seriously believe that if we can measure among the States the benefits resulting from the preservation of the Union, the rebellious States have the larger share. It destroyed an institution that was their destruction. It opened the way for a commercial life that, if they will only embrace it and face the light, means to them a development that shall rival the best attainments of the greatest of our States.
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    At the same time keeping the door open to a tongue-in-cheek attitude on the part of the perpetrators....
    John Ashbery (b. 1927)