Business Relationships

Question 1

Describe a co-operative relationship.

Answer 1

Both parties have the same objective and work together to help each other achieve their goals. A win/win situation. E.g. Employers and employees pay cuts

Question 2

Describe a dependant relationship.

Answer 2

Both parties need each other to be successful. They cannot achieve their goals by themselves. Rely on eachother. E.g. Consumers and producers

Question 3

Describe a dynamic relationship.

Answer 3

Always changing. Sometimes competitive sometimes co-operative. E.g. Restaurants in town compete all year but organise a festival at the end of the year to help each other.

Question 4

Describe a competitive relationship.

Answer 4

One party wants to be more successful than the other. Win/Lose. They are rivals. E.g. Ryanair and Aer Lingus.