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In what ways do the increased resources of a partnership help a business?

In what ways do the increased resources of a partnership help a bus...

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In what ways do the increased resources of a partnership help a business?

In what ways do the increased resources of a partnership help a business?

Answer

A solo owner of a business has his own resources.
By adding a partner - the partnership now doubles its resources.
If a bank just takes in money and loans money out that bank is using its resources for hopefully a profit.
If that bank partners with a credit card company, that bank now reaps the benefots of expanded markets and more profit and income.
Partnerships are about doubling, and stacking resources of all kinds, legal - marketing channels, expanded distribution, removal of barrier of entry into new markets in some cases.
These are just examples.
Another similar examole is Susie has a dog walking business and partners with a dog groomer business, they both will expand resources and potentially become more profitable.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 26 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 174 views.

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