Answer: Joint venture
Explanation: A joint venture can be defined as a business entity, that is created by two or more firms by shared ownership or sharing in risk and returns. The joint venture is usually done by the firms for targeting new emerging markets to increase their customer base.
In the given case, Arboren is a new company and is formed by the joint ownership of three existing firms.
Hence, from the above we can conclude that this is an example of Joint venture.
A few of the following can be considered major factors in failure of small businesses:
-Lack of financial planning: when a business is born it needs to critically plan out the first few years of running. Small business often fail to plan out for the future and have less working capital at hand.
-Lack of expertise: small business cannot afford specialist managers and this may be a reason for failure
-no investment in marketing and research can also be a reason.
Answer:
Cooperation and trust
Explanation:
There are clear distinctions between groups and teams. A group is a set of people brought together by common interests and inevitable circumstances, while a team is a group of people working together to reach a common goal.
The responsibility in a team is evenly dispersed; although the work is not done individually, the team is acting as an individual. That means that <em>trust </em>has to be present among team members; we have to know we won't be let down by a team member, like we don't let down ourselves.
<em>Trust</em> is one of the most essential inputs for effective <em>cooperation</em>.
A team possessing such characteristics is highly <em>cohesive</em>.
The use of the <u>internet </u>allows bank customers the ability to complete most transactions electronically without leaving home.
<h3>What is Internet?</h3>
Internet help to transmit data or information across a network, making it possible for internet user to communicate and exchange information.
Example of internet are:
- WAN which full meaning is Wide Area Network.
- LAN which full meaning is Local Area Network.
Hence, internet play an important function as it make it possible for bank customers to complete their transactions electronically or to carryout their transaction online without having to leave their various homes.
Learn more about internet here:brainly.com/question/2780939
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Answer:
Outside vendors specializing in all aspects of benefits administration would provide improved support to the firm's employees.
Explanation:
Shared services HR teams provide specialized support of day-to-day transactional HR activities to the company's employees by focusing on using centralized call centers and outsourcing arrangements with vendors (like benefits providers). By utilizing HR shared services, Whitman and the other managers can now devote more time to other HR matters while improving benefits enrollment and coverage by deferring those questions to benefits specialists.