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In which situation can partnership be beneficial for an entrepreneur?

Answer and explanation

Correct answer: When partners bring different skills, capital, or market access

A partnership can combine resources that one person may not possess, such as finance, technical expertise, management ability, contacts, or market access. Complementary strengths can improve decision-making and business capacity when roles and terms are clearly agreed. Repeated mistakes, undocumented responsibilities, and rumour-based decisions create conflict and risk. Thus, option A describes a potential benefit.

Related tags

PartnershipTeamworkResourcesForms Of Business OrganisationBusiness StudiesClass 11 Mcq

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