Most business relationships contain elements of cooperation. In addition, business relationships include competition. Further, business relationships include Internal Demand Management, Also, business relationships include Relationship and Supplier Selection. Plus, business relationships include Customer Relationship Strategy. And, buyer-Supplier Negotiation.
Further, most business relationships contain elements of cooperation. Often, the cooperation being companies in the same market segment starts before any formal agreement has been perfected. one company even developed the political power to try to solve some of its own business problems by searching and forging an alliance with other business organizations. It had to address some of the issues in terms of reversing its sales slowdown. Many companies will present their best assets and income generating plans to its prospective partner organisation in order to win its nod to the merger. Many companies enter into mergers and consolidations by contributing money industry and business secrets with the end in mind of distributing any profits among themselves after each accounting period ends (Child, and Faulkner 1998, 84).
And, this means that many companies join mergers and consolidations by taking into consideration the structure and system that are to form the basic framework for bringing their strong business alliances to life. Many companies consider their prospective partners' complementary part in their business union by taking into consideration the assets, skills and the possible synergies that could crop up as result of the business union. Many companies take into consideration the culture of the other company interested to join a merger or consolidation. Many organisations enter into informal merger or combination with other companies in the same line of business. For, many partners want to have a fair and reliable business agreement with other companies. Many of these partnerships agree to have fair and reliable agreement. These business agreements generally include the division of profits, segregation customer base, and other related concerns that would result to a fruitful relationship. In short, one of the most important topics that businesses combining with other businesses discuss is the appropriate value given to assets, liabilities, capital, revenues and expenses (Child, and Faulkner 1998, 84).
In addition, business relationships include competition. Many companies have launched their products in the market with the hope that they will be able to swallow a large portion of the competitors' market share in terms of products. The political economy approach often brings a health competition among the different companies engaged in the same kind of business. international business have joined together in order to increase their market share over their competitors in the business wold. Today, the business environment has been renovated and innovated in terms of urban setting. Many competitors have bonded together to improve the lives of the employees as a member of its fold as well as their families (Clark 1999, 133).
Cooperation crosses many boundaries. The beneficiaries of the public goods come from many countries, age, sex, beliefs and other diversities. The cooperation between two companies include companies located in both the