How does a cooperative relationship formed between businesses compare to a joint venture?
A) It typically involves forming a new business unit.
B) It may involve partners taking ownership positions.
C) It is usually less formal than a joint venture.
D) It would not be typified by a joint, new-product development team.

Question

Quizplus · Accepted Answer

Cooperative relationships between businesses are generally less formal than joint ventures. In a joint venture, companies often create a new entity and share in its ownership and governance, which involves more formal agreements and structures. Cooperative relationships can involve various forms of collaboration without creating a new entity or formal partnership structure.

How Does a Cooperative Relationship Formed Between Businesses Compare to a Joint