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)Strategic alliances
B)Export-trading affiliation
C)Foreign subsidiaries
D)Joint venture

Question

Quizplus · Accepted Answer

This term describes a long-term partnership between two or more companies intended to help each firm build competitive market advantages. Strategic alliances do not involve sharing costs, risks, or management. Export-trading affiliation refers to a relationship where one company serves as a distributor of another company's products in a particular market. Foreign subsidiaries are separate legal entities that are wholly or partially owned by a foreign company. Joint venture refers to a partnership where two or more companies agree to share costs, risks, and management to undertake a specific business project.

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