Which of the following terms describes a long-term partnership between two or more companies intended to help each firm build competitive market advantages? This arrangement does not call for the firms to share costs,risks,or management.
A)Export-trading affiliation
B)Joint venture
C)Strategic alliances
D)Foreign subsidiaries

Question

Quizplus · Accepted Answer

Strategic alliances are a long-term partnership between two or more companies intended to help each firm build competitive market advantages. It does not call for the firms to share costs, risks, or management. Export-trading affiliations involve a firm agreeing to handle the export of products for another company, joint ventures involve two or more firms coming together to form a new business entity and sharing costs, risks, and management responsibilities, while foreign subsidiaries involve a company establishing a new business in a foreign country with the intention to control and manage it directly.

Which of the Following Terms Describes a Long-Term Partnership Between