A_______ Represents a Long-Term Partnership Between Two or More Companies

question 10

Multiple Choice

A_______ represents a long-term partnership between two or more companies established to help each firm build competitive market advantages.

• A)strategic alliance
• B)global franchise
• C)shared venture
• D)multinational set-up

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Definitions:

Market Price

The present rate at which a service or asset is available for purchase or sale on the market.

Contract Price

The agreed-upon amount of money one party will pay another in exchange for the fulfillment of agreed-upon obligations.

Market Price

The going rate at which a service or an asset is available for buy or sell in the particular market.

Actual Price

The real, final amount paid for goods or services, including all discounts, charges, and taxes.