The collaboration between Volvo Aero (a subsidiary of Sweden's AB Volvo) and U.S.-based Pratt & Whitney to produce a new jet engine would be characterized as a(n):
A) collusive tactic.
B) merger.
C) cross-border strategic alliance.
D) international acquisition.

Question

Quizplus · Accepted Answer

A cross-border strategic alliance involves two or more companies from different countries working together on a project, such as developing a new product, without merging or acquiring each other.

The Collaboration Between Volvo Aero (A Subsidiary of Sweden's AB