A Strategic Alliance Is Sometimes Called Which of the Following

question 54

Multiple Choice

A strategic alliance is sometimes called which of the following?

• A) strategic partnership
• B) transactional partnership
• C) economic partnership
• D) economic merger

Understand the concept and importance of the target market in marketing.

Recognize external factors impacting businesses and how strategic planning addresses these.

Comprehend the continuous nature of strategic planning for business objectives.

Grasp the advantages and implications of different market entry strategies, including franchising and licensing.

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Definitions:

Nominal Account

A nominal account is a temporary financial account that shows the incomes, gains, expenses, or losses over an accounting period, and is reset to zero at the beginning of each new period.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income or loss.

Balance Sheet

A statement of finances that shows the assets, liabilities, and equity of shareholders of a corporation at a certain moment.

Revenue Account

An account that tracks the income earned from normal business operations, such as sales of goods or services, distinguished from other types of income.