Long-Term Agreements Between Two or More Companies to Jointly Develop

question 50

Multiple Choice

Long-term agreements between two or more companies to jointly develop new products or processes that benefit all companies that are part of the agreement are known as:

• A) horizontal integration.
• B) outsourcing.
• C) strategic alliances.
• D) joint ventures.
• E) vertical integration.

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Definitions:

Inexpensive Goods

Products that are available at a low cost, making them accessible to a broad range of consumers without compromising on basic quality.

Communication Strategy

A planned approach for how a company communicates with its stakeholders, including customers, employees, and investors, to achieve specific objectives.

Infrastructure Capabilities

The essential facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools necessary for economic function.

Population Growth

The increase in the number of individuals in a population, often discussed in context with economic, environmental, and social impacts.