Explain the Different Ways Through Which a Firm Can Create

question 16

Essay

Explain the different ways through which a firm can create value in an alliance. Support your answer with suitable examples.

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Definitions:

Particular Purpose

A specific objective or requirement for which goods or services are intended or needed, as expressed in a contract.

Lessee

A person or entity who leases or rents property from another, known as the lessor.

Merchant

A merchant is an individual or company involved in the wholesale or retail trade of goods or services.

Sale

The transaction between a buyer and a seller in which the ownership of goods is transferred in exchange for payment.