CNOOC (China National Offshore Oil Corporation) has been focusing on alliances that are "upstream" from its core business. This type of alliance is classified as a(an) ____ strategic alliance.

Question

Quizplus · Accepted Answer

A diversifying strategic alliance involves forming a partnership with a company outside of the core business area with the goal of entering a new market or diversifying the company's portfolio. In this case, CNOOC is seeking to expand its business into new areas by forming upstream alliances, which would be classified as diversifying strategic alliances.

CNOOC (China National Offshore Oil Corporation) Has Been Focusing on Alliances