DECISIONS ON COOPERATION WITH PARTNERS IN THE FIELD OF JEWELLERY PRODUCTION FROM PRECIOUS STONES AND METALS

E. I. Mantaeva () and O. V. Umgaeva ()

Strategic decisions and risk management, 2024, vol. 15, issue 3

Abstract: The current stage of economic development is inconceivable without the functioning of partnerships in various forms. In the production of jewellery made of precious metals and precious stones, unions, joint ventures and subsidiaries, companies operating on a franchise basis are generally accepted world practice, explained by undoubted advantages. The presence of partners provides an opportunity to expand its presence in the highly competitive global jewellery market.  Competition should not be seen as a factor limiting production. On the contrary, the economic essence of this category is to improve the quality of goods, expand the range of products on offer, curb price increases, increase the rate of turnover and the share of profits received. Fair competition with encourages you to look for partners. The Russian Federation is open to economic cooperation with all countries that pursue friendly policies. In the area under study, the closest cooperation has been established with the EAEU countries that have signed the relevant agreement. Despite the fact that it has not yet been possible to create a single market for jewellery products in the EAEU, examples of successful partnerships exist and are developing, confirming the hypothesis that it is possible to combine competitors with obvious benefits.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:abw:journl:y:2024:id:1126

DOI: 10.17747/2618-947X-2024-3-280-286

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