Aerospace Technologies, Australia, had an idea for a new airplane rudder. When it could not gain access to the resources it needed to develop the new product, it entered into a long-term partnership with Boeing. Today Boeing uses this rudder on its 777 commercial passenger jet. The relationship between Aerospace and Boeing is an example of a(n)
A) merger.
B) budget plan.
C) acquisition.
D) strategic alliance.

Question

Quizplus · Accepted Answer

A strategic alliance is a long-term partnership between two organizations designed to accomplish the strategic goals of both parties.

Aerospace Technologies, Australia, Had an Idea for a New Airplane