Question

Difference between consignment and joint venture and partnership

Answer 1

The product in question is intended to answer some need or resolve a pain point that company believes the target client base has. The success potential for a service or product is often based on the size of the intended client base and those customers’ anticipated willingness to spend money on said service.

Answer 2

Difference between consignment and joint venture and partnership are as follows:

• Consignment refers to the seller who is selling the goods to third party through his agent.
• Between two or three companies, there can be temporary partnership, this is defined as joint venture. This partners are called co-ventures.
• Partnership defines the arrangement between two parties who share profit and lose both.