If a United States company that furnishes the facilities and equipment and a Chinese firm that furnishes the operating capital join together to build ships for international commerce, they are involved in

Question

Quizplus · Accepted Answer

This scenario describes a strategic alliance, where two or more firms collaborate to pursue a set of agreed upon objectives while remaining independent organizations. In this case, the U.S. company and the Chinese firm are combining their resources (facilities, equipment, and operating capital) to build ships, which is a common practice in international business to leverage each other's strengths.

If a United States Company That Furnishes the Facilities and Equipment