Long-term contracts, agency agreements, joint ventures, supplier-customer partnerships, and franchising are examples of:
A)Different business models
B)Different types of hybrid relationships between sellers and buyers
C)Power-based relationships between sellers and buyers
D)Techniques for international business

Question

Quizplus · Accepted Answer

Long-term contracts, agency agreements, joint ventures, supplier-customer partnerships, and franchising are all examples of hybrid relationships between sellers and buyers. These types of relationships involve a mix of cooperation, coordination, and competition, and often involve significant investments of time, money, and resources by both parties. They are frequently used in international business to help firms manage risk and gain access to new markets.

Long-Term Contracts, Agency Agreements, Joint Ventures, Supplier-Customer Partnerships, and Franchising