Key Partners (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are key partners in a business context?
What are key partners in a business context?
External relationships that add value
Which is NOT a reason businesses form partnerships?
Which is NOT a reason businesses form partnerships?
To eliminate all business competitors
What distinguishes a strategic alliance from other partnerships?
What distinguishes a strategic alliance from other partnerships?
Firms maintain separate legal identities
Who typically forms strategic alliances?
Who typically forms strategic alliances?
Independent firms who are not competitors
What does co-opetition combine?
What does co-opetition combine?
Cooperation and competition
How do Samsung and Apple demonstrate co-opetition?
How do Samsung and Apple demonstrate co-opetition?
Samsung supplies Apple with OLED screens
What typically happens in a joint venture?
What typically happens in a joint venture?
A new legal entity is created
What happens to most joint ventures once objectives are achieved?
What happens to most joint ventures once objectives are achieved?
They dissolve
Which is a benefit of business partnerships?
Which is a benefit of business partnerships?
Enhanced credibility through association
What is a potential challenge of partnerships?
What is a potential challenge of partnerships?
Risk of becoming overly dependent