The Significant Difference Between a Joint Venture and Partnership Is

question 39

Multiple Choice

The significant difference between a joint venture and partnership is that:

• A) joint venturers sometimes are held to have less implied and apparent authority than partners.
• B) a joint venture relates to a continuing business, and a partnership relates to a single enterprise.
• C) the requirement for joint ventures is more formal in comparison with partnership agreements.
• D) joint ventures unlike partnership agreements come into existence only when there is an express contract.

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Definitions:

Channel Conflict

A situation where channels of distribution for the same product or service come into competition with one another, potentially undermining a brand's overall marketing strategy.

Channel Member

An entity that plays a role in the distribution process, including manufacturers, wholesalers, retailers, and the end-consumer.

Marketing Channel Discord

Conflicts or misalignments among various channels through which a product or service is marketed, potentially leading to inefficiencies or mixed messages to consumers.

Achieving Goals

The process of setting targets and taking the necessary steps to accomplish them.