Forming a strategic alliance is an example of:
A) licenses.
B) offshoring.
C) outsourcing.
D) joint ventures.

Question

​Forming a strategic alliance is an example of:
A) ​licenses.
B) offshoring.
C) ​outsourcing.
D) ​joint ventures.

Quizplus · Accepted Answer

Forming a strategic alliance refers to a cooperation between two or more companies to share resources and knowledge in a specific area of business. This type of cooperation is commonly known as a joint venture. Choice A, licenses, refers to the legal permission to use a trademark, patent, or product for a fee. Choice B, offshoring, involves the relocation of a company's business processes, usually to a country with lower labor costs. Choice C, outsourcing, refers to the practice of obtaining goods or services from an external supplier instead of producing them in-house.

​Forming a Strategic Alliance Is an Example Of

Forming a Strategic Alliance Is an Example Of