Familiarity in Business


 FAMILIARITY IN BUSINESS


The main goal of a business is to .make profit. Nevertheless, how do business owners relate with related parties? A related party is said to be anyone who is or are capable to influence the decision of the business owner.


Familiarity


Being too familiar with a business might bring about a slight influence on the prices of goods of that particular company. It implies that the related party might purchase goods at a reduced price compared with the regular prices of each goods.

Familiarity in business might also influence the decision make of that particular company. Decision might be altered to suit the familiar partner. 


The question is, is it advisable to employ a related party?


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