Business Partnership refers to a collaborative relationship between two or more organizations that join forces to achieve common business goals. It involves the pooling of resources, expertise, and efforts to enhance competitiveness, innovation, and market presence. Business partnerships can take various forms, such as strategic alliances, joint ventures, or supplier/customer partnerships.
Example
A business partnership is a technology company collaborating with a logistics company to develop and deliver innovative solutions for e-commerce. The technology company brings expertise in developing cutting-edge software and digital platforms, while the logistics company contributes its extensive network and knowledge of supply chain operations.