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In the given scenario, this is called a joint operation between an established corporation and a newly started firm. The established firm offers funding, brand
In the given scenario, this is called a joint operation between an established corporation and a newly started firm. The established firm offers funding, brand association and skilled staff to promote the new firm. The new firm gains these advantages to establish its position in the market and get out rolling to its customers. Whereas the established firm gets publicity, advantages of new skilled workforce getting rotated and working for them from time to time and fulfilment of corporate social responsibility.
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