An Alliance Involving Two or More Global Firms in Which

question 25

Multiple Choice

An alliance involving two or more global firms in which each partner brings a particular skill or resource is called a

• A)marketing alliance.
• B)licensing agreement.
• C)strategic alliance.
• D)contract manufacturing.

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Definitions:

Personnel Costs

Personnel costs refer to the expenses associated with employing staff, including wages, benefits, training, and other related costs.

Weighted-Average Method

An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale.

Process Costing

An accounting method used to allocate costs to units of product in processes where the products are indistinguishable from each other, such as in chemical processing or food production.

Conversion Costs

The total of direct labor costs plus manufacturing overhead costs, indicating the expenditures involved in transforming raw materials into completed products.