A Formal Agreement That Commits Two or More Companies to Exchange

question 53

Multiple Choice

A formal agreement that commits two or more companies to exchange or share their resources in order to produce and market a product is known as a:

• A)Boundaryless organization
• B)Strategic alliance
• C)Joint venture
• D)B2B network structure
• E)Permanent venture

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Definitions:

Loss

A situation in which expenses exceed revenues, leading to a negative financial outcome for a business or individual.

Cars

Motor vehicles with four wheels designed for transporting people on roads, ranging from compact models to larger family-sized versions.

Opportunity Costs

The financial sacrifice made by not selecting the alternative that ranks immediately lower when faced with a decision.

Cars

Wheeled motor vehicles used for transportation, typically powered by an internal combustion engine or electric motors.