When technical departments in firms form ties with universities, government units, private research centers, and even competitors to access what they need, it is referred to as _____.
A) strategic alliances
B) cartel arrangements
C) usury agreements
D) portfolio networks

Question

Quizplus · Accepted Answer

The term "strategic alliances" refers to collaborative partnerships formed between technical departments in firms and external entities such as universities, government units, private research centers, and even competitors in order to gain access to needed resources, knowledge, or capabilities. This can include joint research and development projects, sharing of intellectual property, and cooperative marketing or supply chain initiatives. Cartel arrangements, usury agreements, and portfolio networks are not relevant or accurate terms for this context.

When Technical Departments in Firms Form Ties with Universities, Government