What is the most important point while choosing a business partner?
Answer and explanation
Correct answer: Checking trust, skills, and shared goals
A business partner affects decisions, resources, reputation, and daily operations. Trust supports cooperation, complementary skills fill capability gaps, and shared goals reduce conflict about the direction of the enterprise. A written agreement should also clarify roles and terms. Choosing quickly or randomly, or avoiding documentation, increases the chance of disputes and weak performance.
Frequently asked questions
What is the correct answer to this question?
Checking trust, skills, and shared goals
Why is this the correct answer?
A business partner affects decisions, resources, reputation, and daily operations. Trust supports cooperation, complementary skills fill capability gaps, and shared goals reduce conflict about the direction of the enterprise. A written agreement should also clarify roles and terms. Choosing quickly or randomly, or avoiding documentation, increases the chance of disputes and weak performance.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Forms of Business Organisation. Topic: Partnership.
