Another Name for Long-Term Cooperative Relationships Between Two or More

question 65

Multiple Choice

Another name for long-term cooperative relationships between two or more companies who agree to commit resources to develop new products is

• A) horizontal integration.
• B) outsourcing.
• C) strategic alliance.
• D) joint venture.
• E) vertical integration.

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Definitions:

Double Taxation

A situation where the same income is taxed twice, typically once at the corporate level and again at the personal level when distributed as dividends.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders, and has its own rights, privileges, and liabilities.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them a right to a portion of the corporation's profits.

Syndicate

A group of individuals or organizations that come together to share or participate in a specific financial transaction or investment.