Which global arrangement most closely represents a partnership?
A) exporting
B) licensing arrangement
C) strategic alliance
D) enterprise resource planning (ERP)

Question

Quizplus · Accepted Answer

A strategic alliance is a global arrangement where two or more companies partner together for a common goal, such as research and development, marketing, or distribution. It involves a shared risk and reward system, making it the arrangement that most closely represents a partnership. Exporting is simply selling goods to a foreign country. Licensing arrangement refers to allowing another company to use your intellectual property in exchange for royalties. Enterprise resource planning (ERP) is a system used for managing business processes and operations.

Which Global Arrangement Most Closely Represents a Partnership