What type of relationship occurs when both parties in business have the same objective and work together?

A cooperative relationship is characterized by both parties having aligned objectives and a willingness to work collaboratively to achieve common goals. In this type of relationship, each party recognizes the value of partnership, leading to a mutual understanding and a commitment to support one another. This collaboration can lead to enhanced efficiency, innovation, and shared success, as both parties leverage their strengths to achieve objectives that would be more difficult to accomplish independently.

In contrast, the other options represent approaches that do not align with working together towards a common goal. A competitive relationship involves rivalry between parties striving to outperform one another, while a dynamic relationship suggests flexibility within interactions but does not explicitly denote shared goals. An adversarial relationship focuses on conflict and opposing interests, which clearly differs from the collaborative nature of a cooperative relationship.