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What do you understand by the term partnership in the context of business?
Wiki User
∙ 11y ago
A situation where 2 or mote entities combune their company assets, liabilities, earnings, gains, losses, reputation, both current & potential in order to conduct business deals & transactions in a joint fashion.
Wiki User
∙ 11y ago
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What is synonym for corporation?
A corporation is a business. You could also call it an organization. Association is another term for this. A partnership would be a corporation composed of only two parties.
What is meant by the term outsourcing project in an IT context?
"it" is u
The difference between incorporated and unincorporated business?
The term incorporated refers to the process companies go through to become a separate legal entity from the owner/s. This means the business exists in its own right, its own legal entity. Regardless of what happens to individual owners (shareholders) of the company, the business continues to operate. The business has taken on a life of its own.An unincorporated business is a sole trader or partnership where the business entity and the owner are one and the same. When the owner dies then so too does the business entity.
How To Choose The Right Business Partner?
If you are thinking of entering into a limited liability partnership or some other form of business agreement, then you need to be somewhat careful about who you choose to work with. Not all business partnerships are created equally and if yours is going to be successful, you will need to make a wise choice. So what makes a good partnership? That really depends upon your business and your personal needs. You can enter into an agreement that will help both partners and help your business grow, but only if you choose to work with a person who you can trust. So here is how to choose the right business partner to fill out your business partnership.Someone you can trustThe key to a good business partnership is trust. If you feel like you always have to look over your shoulder, then you are going to be unfocused. Running a business is hard enough even without competition from the inside. If you are wise, you will only enter into a partnership with someone who you can trust completely. This might be someone who you have been familiar with over time or it might be someone who comes highly recommended. Whatever the case, make sure to put in the due diligence to make sure that you are working with someone who you can truly trust.Someone with similar goalsEntering into a business partnership is only good if all partners have the same goals. A business with many different goals will surely fail, as it will head in too many different directions. The people in charge need to know exactly where they are headed and why they are headed there. When choosing a business partner, make sure that the person you choose has the same goals you do. Make sure that they have not only the same vision, but also the same small-term goals for how to get to that big vision. This will ultimately help you through the difficult time that are sure to come when you are first starting out in the business world.A successful business partnership should include trust and a common vision. These things will help you as you go forward.
What is another term for expansion in the business cycle?
Recovery is another term for expansion in the business cycle.
What do you understand by the term Strategy in the context of Business Management and policy?
What do you understand by the term Strategy in the context of Business Management andPolicy
Which term refers to a business owned and controlled by two or more people?
partnership...
What is Patnership?
The term partnership refers to multiple people owning 1 thing. If 2 people have went together and purchased a business, this is a partnership.
What term represents a business that is similar to a general partnership except that in addition to general partners there are one or more limited partners?
limited partnership a+
What does KGaA mean?
Kommanditgesellschaft Auf Aktien which is a German term for a type of business similar to joint partnership.
What do you understand by the term business opportunity?
An oppurtunity invoving business careers or a positive happening for a business
What are vijina's?
There doesn't appear to be a common term or concept known as "vijina's." It might be a misspelling or a term specific to a certain context or language. Can you provide more information or context so I can better understand the question?
What is Verruyuschiye?
I am not familiar with the term "Verruyuschiye." It does not appear to be a commonly known term or concept. Can you provide more context or information to help me understand what you are referring to?
What term best describes a business form that has one or more partners who share responsibility for the decisions of the company?
General partnership (aplus+)++++
Is the term so moved valid in a business meeting?
The term so moved could be valid in a business meeting depending on what context it is used in. I would recommend speaking to your boss to see what their view of the term being using in a business meeting.
What does sophsy mean?
I'm not familiar with the term "sophsy." It may be a misspelling or a rare term. Can you provide more context or information for me to better understand its meaning?
What does phjina mean?
I couldn't find a meaning for "phjina." It may be a misspelling or a term from a specific context or language. Could you provide more context or details to help me better understand?
