France's Thomson Electronics Combined with China's TCL to Form TCL-Thomson

question 63

Multiple Choice

France's Thomson Electronics combined with China's TCL to form TCL-Thomson Electronics. Thomson owns 33% and TCL owns the remaining 67% of the combined company. This is best described as a(n) ________.

• A) non-equity strategic alliance
• B) manufacturing joint venture
• C) global licensing agreement
• D) equity strategic alliance

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Definitions:

Independent Demand

The demand for a final product or service which is not directly related to the demand for other products or services within a supply chain.

Rivets

Metal pins or bolts used to fasten two pieces of material together, commonly used in construction, manufacturing, and aerospace industries.

EOQ

Economic Order Quantity, a formula used to determine the optimal quantity of stock to minimize total inventory costs, including holding and ordering costs.

Cost Per Order

A measure used to calculate the total cost associated with processing a single order, covering expenses from processing to shipping.