Mexico requires all foreign firms operating there to have a local business partner.This is an example of which of the following?
A) economic partnership
B) economic merger
C) transactional partnership
D) strategic alliance

Question

Quizplus · Accepted Answer

The requirement for foreign firms to have a local business partner in Mexico is an example of a strategic alliance, where two companies form a partnership with a specific strategic goal. This is different from an economic partnership, which refers to a general situation where two or more parties come together to engage in business activities. An economic merger involves two companies joining together to form a new entity, and a transactional partnership refers to a specific transaction or project between two companies.

Mexico Requires All Foreign Firms Operating There to Have a Local