If a company seeks a strategic alliance with another firm,it is a
A)Low cost strategy.
B)Franchising agreement.
C)Competitive agreement.
D)Cooperative agreement.

Question

Quizplus · Accepted Answer

A strategic alliance is a cooperative agreement between two companies where they agree to work together to achieve a specific goal. It often involves sharing resources, knowledge, and expertise to gain mutual benefits. This makes option D, cooperative agreement, the best choice. Option A, low cost strategy, refers to a business strategy that focuses on reducing costs to increase profitability, which is not related to strategic alliances. Option B, franchising agreement, refers to a business model where one company allows another company to use its brand name, products, and services in exchange for a fee or royalty. Option C, competitive agreement, is not a common term used in business and is not related to strategic alliances.

If a Company Seeks a Strategic Alliance with Another Firm,it