Final answer:
A co-op student's place of employment is called a cooperative. Cooperatives are nonprofit, voluntary associations that work for the benefit of specific consumers, producers, or perform a service for its members.
Step-by-step explanation:
A co-op student's place of employment is called a cooperative. Cooperatives are nonprofit, voluntary associations that work for the benefit of specific consumers, producers, or perform a service for its members. They can take the form of consumer cooperatives, where companies purchase items in bulk and pass on the savings to the members, producer cooperatives, where individuals work together to get the best possible prices for their products, or service cooperatives, which provide credit unions and insurance coverage for their members.