an example of a partnership company (Name the company and who started it)
100
• Since decisions are shared, disagreements can occur. A partnership is for the long term, and expectations and situations can change, which can lead to dramatic and traumatic split ups
What is a dissadvantage
100
Evan Williams
Noah Glass
Jack Dorsey
Biz Stone
Who was Twitter started by?
200
• Partnerships are relatively easy to establish
What is a advantage of a partnership
200
William Procter and James Gamble
Who started Procter and Gamble
300
Profits must be shared with others. You have to decide on how you value each other’s time and skills.
What is a disadvantage
300
Bill Gates and Paul Allen
Who started Microsoft
400
• You have to consult your partner and negotiate more as you cannot make decisions by yourself. You therefore need to be more flexible.
What is a disadvantage
400
Gordon Moore and Bob Noyce
Who started Intel
500
• Prospective employees may be attracted to the business if given the incentive to become a partner.