Sometimes business partnerships are formed between traditional rivals competing for market share in the same product class. These partnerships are known as
A) trading companies.
B) contract manufacturers.
C) joint ventures.
D) strategic alliances.
E) licenses.

Question

Quizplus · Accepted Answer

Strategic alliances are partnerships formed between traditional rivals who are competing for market share in the same product class. These alliances allow companies to pool their resources and capabilities in order to achieve a common goal or objective. Strategic alliances can be formed for a variety of reasons, including expanding geographic reach, lowering costs, sharing technology, or accessing new markets or customers.

Sometimes Business Partnerships Are Formed Between Traditional Rivals Competing for Market