ABC and XYZ,two organizations in the same industry,have come together to pursue areas of mutual interest.This refers to a(n):
A) unethical venture.
B) acquisition.
C) corporate takeover.
D) strategic alliance.

Question

Quizplus · Accepted Answer

A strategic alliance refers to a cooperative relationship between two or more organizations in which they combine resources and capabilities to pursue mutual goals or interests. It is a mutually beneficial partnership that does not involve any acquisition or takeover of one organization by the other. Thus, choice D is the best option. Choices A, B, and C are incorrect as they refer to different types of business activities that are not relevant to the context of the given scenario.

ABC and XYZ,two Organizations in the Same Industry,have Come Together