A(n)________ Refers to an Arrangement Between Two or More Companies

question 78

Multiple Choice

A(n) ________ refers to an arrangement between two or more companies whereby they agree to ally themselves and work together to accomplish a designated objective.

• A)limited partnership
• B)strategic alliance
• C)joint venture
• D)franchise

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Definitions:

Maximize Utility

An economic principle that suggests individuals seek to obtain the highest level of satisfaction possible from their resources.

Maximize Benefits

Strategies or actions aimed at obtaining the greatest possible advantage or value from a situation, resource, or system.

Organizational Architecture

The structure and systems in place within an organization that shape its behavior and performance.

Decision Initiation

The process of beginning the process of making a choice or determining a course of action.