Strategic alliances are often used by companies to enter a foreign market.

Question

Quizplus · Accepted Answer

Strategic alliances allow companies to partner with a local business in a foreign market and benefit from their knowledge and experience in that market. This can help the company enter the market more effectively and reduce risks and costs associated with entering a foreign market alone. Therefore, strategic alliances are commonly used by companies to expand their business internationally.

Strategic Alliances Are Often Used by Companies to Enter a Foreign