When a partnership dissolves, a new partnership is formed and a new partnership agreement should be prepared

Define a joint venture and list some of the advantages and disadvantages

What will be an ideal response?

Merging involves ________

A) reducing the number of organizational levels to get closer to the customer B) removing barriers that separate organizational departments C) partnering with fewer but better value-adding suppliers D) working more closely with customers to add value to their operations E) acquiring firms in the same or complementary industries