Which of the Following Terms Describes a Long-Term Partnership Between

question 52

Multiple Choice

Which of the following terms describes a long-term partnership between two or more companies intended to help each firm build competitive market advantages? This arrangement does not call for the firms to share costs,risks,or management.

• A)Export-trading affiliation
• B)Joint venture
• C)Strategic alliances
• D)Foreign subsidiaries

---

Definitions:

Strict Product Liability

A legal doctrine that makes manufacturers, distributors, or retailers liable for damages caused by defective products, regardless of fault or negligence.

Reasonably Foreseeable

Refers to events or outcomes that can be predicted or expected by a person with regular intelligence and foresight.

Injured Party

A person or entity that has suffered harm or damage due to the actions or negligence of another, and may be entitled to compensation or remedy under the law.

State Tort Law

The body of law at the state level in the United States that governs civil wrongs and damages, outside of contractual obligations, allowing victims to seek compensation.