When two different businesses agree to work together,it is known as a
A)strategic plan.
B)business alliance.
C)value chain.
D)supply chain.

Question

Quizplus · Accepted Answer

A business alliance refers to a strategic partnership between two or more businesses or organizations to collaborate in areas such as marketing, distribution, technology or product development, and other mutually beneficial activities. Strategic plan refers to a comprehensive plan or roadmap for achieving long-term goals of a business. Value chain refers to a series of activities involved in the creation and delivery of a product or service, while supply chain refers to the series of activities involved in the production and distribution of goods. While all of these concepts are related to business partnerships or collaborations, the best answer that specifically refers to two businesses working together is a business alliance.

When Two Different Businesses Agree to Work Together,it Is Known