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In which situation can partnership be beneficial for a business?

Answer and explanation

Correct answer: When partners have complementary skills and resources

Partnership can strengthen a business when partners contribute different but compatible skills, capital, contacts, or experience. Clear agreement about roles, decisions, profit sharing, and responsibilities is also important for reducing conflict. Working without agreement, unclear duties, or secret decisions weakens cooperation. Therefore, complementary skills and resources make option A the beneficial situation.

Related tags

PartnershipShared-ResourcesFinancing DecisionFinancial ManagementBusiness StudiesClass 12 Mcq

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