Innovation is a key consideration when entering into a partnership. Is this statement true?
A.
Yes- joint innovation projects are often a strong motivation for entering into a partnership
B.
Yes- innovation is the only reason to enter into a partnership
C.
No- the key consideration when entering a partnership is cost reduction
D.
No- innovation is best achieved in a contractual relationship where KPIs can be monitored closely.
The Answer Is:
A
This question includes an explanation.
Explanation:
Explanation
The correct answer is ‘Yes- joint innovation projects are often a strong motivation for entering into a partnership’. The other options are simply not true statements. A lot of the questions on the ‘Partnerships’ chapters of the book are common-sense questions like this. It involves reading the QUESTION NO: and using logic, rather that relying on your knowledge of procurement. If you found this QUESTION NO: easy – that’s a good sign for the exam.
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