ABC and XYZ, Two Organizations in the Same Industry, Have

question 61

Multiple Choice

ABC and XYZ, two organizations in the same industry, have come together to pursue areas of mutual interest. This scenario exemplifies a(n) :

• A) unethical venture.
• B) acquisition.
• C) corporate takeover.
• D) strategic alliance.

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Definitions:

Inelastic Supply

A situation where the quantity supplied of a good does not significantly change in response to changes in its price.

Labor Resources

Human workforce available for the production of goods and services.

Short Run

A time period in which at least one factor of production is fixed, limiting the ability of a business to adjust fully to market changes.

Skilled Labor

Workers who possess specialized skills, training, and education that are required to perform complex tasks.