Business Cooperation Strategies Flashcard

Front

Which of the following is an example of formal cooperation? Google and NASA collaborating on satellite imagery, A celebrity wearing a brand’s outfit at an event, Two companies verbally agreeing to support each other’s marketing, An artist promoting a new product on social media without a contract

Back

Google and NASA collaborating on satellite imagery

Front

What is the main advantage of formal cooperation?

Back

It provides clear roles and legal protection

Front

Which of the following is NOT a typical method of business networking?
Industry conferences, Trade fairs, Randomly calling businesses without prior contact, Social media platforms like LinkedIn

Back

Randomly calling businesses without prior contact

Front

Which of the following is an example of informal cooperation? A legal joint venture agreement, A franchising contract, A merger between two companies, An influencer promoting a product without a contract

Back

An influencer promoting a product without a contract

Front

Which of the following is a key factor in selecting a business partner? Alignment in goals, values, and resources , Their number of social media followers, Whether they have worked with competitors,

1. The popularity of their brand

Back

Alignment in goals, values, and resources

Front

What is a common risk of informal cooperation?

Back

Lack of clear expectations and agreements

Front

How can businesses strengthen informal cooperation?

Back

By building trust and maintaining open communication

Front

Which of the following best describes networking in business? Building and maintaining professional relationships, Signing contracts with new partners, Avoiding collaborations with competitors, Selling products to other businesses

Back

Building and maintaining professional relationships

Front

What is a common benefit of business networking?

Back

Increased opportunities for partnerships and growth

Front

What is a possible downside of formal cooperation?

Back

Lack of flexibility