Final answer:
The main characteristics of a partnership in a business context are collaboration, advocacy, and utility.
Step-by-step explanation:
The main characteristics of a partnership in a business context are collaboration, advocacy, and utility.
Collaboration is a key characteristic of a partnership, as it involves working together with one or more partners to achieve common goals. This can include sharing resources, knowledge, and skills to enhance the success of the business.
Advocacy is another important characteristic, as partners in a partnership often advocate for the business and its interests. This can involve promoting the business to attract customers, negotiating deals or contracts, and representing the business in legal or regulatory matters.
Utility refers to the usefulness or value that a partnership brings to the business. Partnerships can provide access to additional resources, such as capital or expertise, that can help the business grow and succeed.