Two Automobile Manufacturers Are Working Together to Develop Hybrid Technology

question 42

Multiple Choice

Two automobile manufacturers are working together to develop hybrid technology. This type of relationship between the two automobile manufacturers is best described as:

• A) Co-opetition
• B) Strategic alliance
• C) Competition
• D) Collaboration
• E) Business strategy

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Definitions:

Predict Outcomes

The process of forecasting the probable results or consequences of an action or event based on current data or trends.

Self-interest

Acting based on one’s own benefit or advantage, often disregarding others.

Utilitarian Theory

A normative ethical theory that proposes actions are right if they benefit the majority, aiming to maximize happiness and reduce suffering.

Equally

Pertaining to being the same in quantity, size, degree, or value, or treating all parties in a situation or context without partiality or discrimination.