Describe the relationship between two manufacturers in a business ecosystem that are working together to develop a new product for consumers.

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08-03-2022
Business

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Describe the relationship between two manufacturers in a business ecosystem that are working together to develop a new product for consumers.

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ajeigbeibraheem ajeigbeibraheem · Answer 1 · 2022-03-14T05:23:38-04:00

There must be a cordial relationship and trust between two manufacturers in a business ecosystem working towards developing a new product for consumers.

What is a Business Ecosystem?

A business ecosystem is a deliberate commercial arrangement involving two or more organizations to develop and share a common value for consumers.

Every business ecosystem contains participants, and at least one of them serves as the controller. There must be a cordial relationship and trust between two manufacturers in a business ecosystem working towards developing a new product for consumers.

The primary advantage of adopting business ecosystems is to be better positioned, promote innovation, and maximize capital efficiency in order to produce customer value.

Learn more about Business Ecosystem here:

https://brainly.com/question/3723558

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What is a Business Ecosystem?

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