Maxdime Inc. is an international automobile manufacturer that has decided to work on low-cost fuel-efficient motorbikes. Foray Inc., a domestic automobile company based in China, is willing to partner temporarily with the R&D team of Maxdime to design and launch motorbikes specially for the Chinese market. This is an example of ________.

Question

Quizplus · Accepted Answer

This scenario describes a non-equity-based strategic alliance, where two companies collaborate on a specific project without exchanging equity shares. Maxdime Inc. and Foray Inc. are partnering to design and launch motorbikes for the Chinese market, which is a temporary partnership focused on R&D, typical of non-equity alliances.