Johnson Co. and Peabody Enterprises are both manufacturers of plastic products. These two firms have decided to work together to find a more efficient way to recycle rejected products. Thus, the two companies are each going to assign two engineers to this project and have agreed to share any and all costs. This project is an example of a:

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A strategic alliance is a collaboration between two or more companies to achieve a specific goal while remaining independent. In this case, Johnson Co. and Peabody Enterprises are working together on a recycling project, sharing resources and costs, which fits the definition of a strategic alliance.