Final answer:
A strategic partnership between buyer and seller is identified by a C) collaborative relationship between the participants.
Step-by-step explanation:
A strategic partnership between buyer and seller is identified by a collaborative relationship between the participants. In a strategic partnership, both parties work together towards common goals, share resources and expertise, and make joint decisions. This type of partnership fosters trust, open communication, and mutual benefits.
For example, a tech company may form a strategic partnership with a software vendor to develop innovative solutions. The buyer and seller collaborate closely, exchange ideas and knowledge, and leverage each other's strengths.
In contrast, a bargaining relationship characterized by a short-time horizon and low concern for the other party focuses primarily on individual gains and transactional exchanges.