Two Carmakers Have Developed a Strange but Successful Partnership

question 82

Multiple Choice

Two carmakers have developed a strange but successful partnership.Ford,a U.S.automaker,and Mazda,an Asian carmaker,have collaborated on several models,including the Explorer,the Probe,the Mazda 323,and the Mazda MX-6.The U.S.automaker has supplied Mazda with help in marketing,finance,and styling.In return,Mazda has provided manufacturing and product development expertise to Ford.Both companies have worked together toward a common goal and both have benefited as a result of their

• A)strategic alliance.
• B)international contract.
• C)free trade agreement.
• D)collaborative treaty.
• E)global oligopoly.

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Definitions:

Cincinnati Insurance Company

The Cincinnati Insurance Company is a US-based insurance provider that offers a range of insurance products, including life, business, and property and casualty insurance.

Liability

A legal responsibility or obligation.

Good Faith

A fundamental principle in contract law that requires all parties to act honestly and fairly without taking unfair advantage of others.

Expedited Funds Availability Act

A U.S. federal law that regulates how quickly banks must make deposited funds available to depositors.