Questions regarding financial vs. non-financial benefits of collaboration includeA. whether collaboration pays for itself. B. making sure that each firm uses the same type of accounting systems and fiscal year reporting. C. that KPIs for involved parties should be widely distributed among the partners. D. a reason for undertaking this task, as it is quite difficult.

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Business

Marilyn Cruz

3 July, 08:48

Questions regarding financial vs. non-financial benefits of collaboration includeA. whether collaboration pays for itself. B. making sure that each firm uses the same type of accounting systems and fiscal year reporting. C. that KPIs for involved parties should be widely distributed among the partners. D. a reason for undertaking this task, as it is quite difficult.

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Phoenix Joyce · Answer 1

A) whether collaboration pays for itself.

Explanation:

Collaboration refers to a situation where two separate companies decide to leverage each other on an operational basis, in order for them to perform better together than they did separately.

The whole idea behind collaboration is to make more money by working together, therefore the collaboration should not only pay for itself but should also increase both companies' profits by boosting sales, engage in larger contracts, cut costs, etc.

If they are not going to win anything by working together, why should they do it?