Long-term agreements between two or more companies to jointly develop new products or processes that benefit all companies that are part of the agreement are known as:
A) horizontal integration.
B) outsourcing.
C) strategic alliances.
D) joint ventures.
E) vertical integration.

Question

Quizplus · Accepted Answer

Long-term agreements between two or more companies to jointly develop new products or processes that benefit all companies that are part of the agreement are known as strategic alliances. Horizontal integration is the merging of companies at the same level of the supply chain, while vertical integration is the merging of companies at different levels of the supply chain. Outsourcing refers to hiring a third-party company to perform a task or service. Joint ventures refer to partnerships between two or more companies to create a new entity.

Long-Term Agreements Between Two or More Companies to Jointly Develop