To Gain Access to One Another's Markets, Several U

question 85

Multiple Choice

To gain access to one another's markets, several U.S.and Japanese automobile manufacturers (for example, DaimlerChrysler and Mitsubishi) are engaging in temporary alliances to manufacture and market certain models of cars.These types of partnerships are known as _____.

• A) limited-liability companies
• B) S-corporations
• C) cooperatives
• D) joint ventures
• E) foreign corporations

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Definitions:

Organizational Effectiveness

Refers to how efficiently and effectively an organization achieves its goals and meets the needs of its stakeholders.

Adaptation

The process of adjusting to new conditions or environments.

Environment

External conditions and factors that influence and affect individuals, communities, or organizations.

Competitive Strategy

A long-term plan of action designed to give a company a competitive advantage over its rivals.