L4M6 Exam Dumps : Supplier Relationships

Comprehensive and Detailed Explanation:

Joint venturesandstrategic alliancesare common forms of partnerships between companies:

Joint Venture:A business arrangement where two or more parties agree to pool their resources for a specific task, creating a new entity.

Strategic Alliance:An agreement between companies to pursue objectives while remaining independent organizations.

"Sole trader," "limited company," and "public limited company" refer to business structures, not partnership arrangements.

Explanation

Equity is the fourth E- this means the extent to which the service is available. See p.65 for details on the 4 Es

Explanation

The three Es are; Effectiveness, Efficiency and Economy. Sometimes a 4th E is added which is Equity (but this is mainly for the public sector).