A formal agreement that commits two or more companies to exchange or share their resources in order to produce and market a product is known as a:
A)B2B network structure
B)boundaryless organization
C)joint venture
D)strategic alliance
E)permanent venture

Question

Quizplus · Accepted Answer

A strategic alliance is a formal agreement between two or more companies to share resources to achieve a common goal, such as producing and marketing a product.

A Formal Agreement That Commits Two or More Companies to Exchange