BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A public limited company
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A private limited company
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A partnership
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A sole trader
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Detailed explanation-1: -(1)Partnership is the relation which subsists between persons carrying on a business in common with a view of profit.
Detailed explanation-2: -A strategic partnership is a mutually beneficial arrangement between two separate companies that do not directly compete with one another. Companies have long been engaging in strategic partnerships to enhance their offers and offset costs.
Detailed explanation-3: -In a general partnership, all parties share legal and financial liability equally.
Detailed explanation-4: -A sub-partner is a partner who associates someone else in his share of the firm. He gives a part of his share to the person. It is pertinent to note that, the relationship is not between the sub-partner and the partnership firm but is between him and the partner.