Sharing the costs and risks associated with the research and development of new products and processes is the primary reason for cross-border alliances in the ________ industry.
A) semiconductor
B) beverage
C) tourism
D) publishing

Question

Quizplus · Accepted Answer

The semiconductor industry is characterized by high costs associated with research and development (R&D) of new products and processes. Cross-border alliances help companies to share these costs and risks and accelerate the development of new technology. Other industries listed may also form cross-border alliances, but the primary reason for doing so is not related to sharing development costs and risks.

Sharing the Costs and Risks Associated with the Research and Development