Search results
Results from the WOW.Com Content Network
The meaning of the term is quite different from that implied in partnership, and it is because of the potential for confusion between the two that widespread use of 'business partner' has been discouraged at times in the past. A business partner can be: A supplier; A customer; A channel intermediary (such as an agent or reseller), or
Business partnering is the development of successful, long term, strategic relationships between customers and suppliers, based on achieving best practice and sustainable competitive advantage. [1] The term also refers to a business partnering support service model, where professionals such as HR staff work closely with business leaders and ...
A silent partner or sleeping partner is one who still shares in the profits and losses of the business, but who is not involved in its management. [20] Sometimes the silent partner's interest in the business will not be publicly known. A silent partner is often an investor in the partnership, who is entitled to a share of the partnership's profits.
The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
The activities of a strategic partnership can also include a shared research & development department between the partners. This requires a higher level of knowledge sharing as well as a higher level of sharing the technological capabilities. But by doing so, the costs and risks of innovation can be spread between the partners. [2]
Understanding the meaning and usage of “stand on business,” a popular expression that is used in Drake’s song “Daylight.” (Photo by Amy Sussman/Getty Images)
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. A distinction is made in law and public offices between the term business and a company such as a corporation or cooperative. Colloquially, the terms are used interchangeably.
Work spouse" is a term or phrase that is mostly in American English, [1] referring to a co-worker, [2] with whom one shares a special relationship, having bonds similar to those of a marriage. Early references suggest that a work spouse may not just be a co-worker, but can also be someone in a similar field who the individual works closely with ...