Final answer:
Suppliers and small business owners engage in competition, although partnerships can also be formed for mutual benefits in the business world.
Explanation:
Suppliers and small business owners are in a competition as they both strive to attract customers and resources. They compete for market share and profitability, often trying to offer better products or services than their rivals.
Within the business world, partnerships can exist where suppliers and small business owners collaborate rather than being in a win/lose situation. This can lead to mutually beneficial outcomes and shared success.
Understanding the dynamics of competition between suppliers and small business owners is crucial for navigating the business environment and strategizing effectively to achieve business goals.
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