The ________ industry best illustrates the power of strategic alliances.

Question

Quizplus · Accepted Answer

The airline industry is known for its strategic alliances, such as code-sharing agreements, joint ventures, and global alliances like Star Alliance and OneWorld. These alliances help airlines expand their reach, improve their services, and reduce their costs by sharing resources and expertise with their partners. For example, Delta and Air France-KLM have a joint venture that allows them to coordinate their schedules, pricing, and sales efforts, which has helped them capture a larger share of the transatlantic market.

The ________ Industry Best Illustrates the Power of Strategic Alliances