Which of the following is true of a partnership?
a. It is the most basic level of global trade.
b. It is a formal, long-term agreement.
c. It is the most expensive form of direct investment.
d. It is otherwise known as domestic franchising.

A partnership is referred to as or known as an arrangement where organizations, parties, business partners, tend to agree to cooperate with each other in order to advance the mutual interests they have. These partners that are in partnership may tend to be businesses, individuals, organizations, governments. Organizations tend to partner in order to increase their likelihood of achieving the mission and also amplify reach.

Which of the following is true of a partnership? a. ​ It is the most basic level of global trade. b. ​ It is a formal, long-term agreement. c. ​ It is the most expensive form of direct investment. d. ​ It is otherwise known as domestic franchising.

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Which of the following is true of a partnership?
a. It is the most basic level of global trade.
b. It is a formal, long-term agreement.
c. It is the most expensive form of direct investment.
d. It is otherwise known as domestic franchising.