Hannah makes delicious baked goods but has no retail space. She has contracted with a local grocer to sell her wares in the grocery store. This arrangement is known as a(n)

Question

Quizplus · Accepted Answer

This is a strategic alliance, where two companies or individuals collaborate to reach a common goal. In this case, Hannah is collaborating with the grocery store to sell her baked goods. This is different from a partnership, where two or more entities jointly own and operate a business. A joint venture is similar to a partnership but usually involves a specific project or limited time period. A professional company is a generic term that does not apply to this specific situation.

Hannah Makes Delicious Baked Goods but Has No Retail Space