Because they share a common business objective,Texas Instruments has reported agreements with companies such as IBM,Alcatel,and L.M.Ericsson.This is an examples of a ________.
A)strategic alliance
B)joint venture
C)franchise
D)turnkey operation
E)management contract

Question

Quizplus · Accepted Answer

Texas Instruments has formed strategic alliances with IBM, Alcatel, and L.M. Ericsson because they share a common business objective. Strategic alliances are agreements between two or more firms to cooperate in the pursuit of a common goal or to undertake a specific project. Joint ventures involve the creation of a new legal entity, while franchises involve the licensing of intellectual property or business models. Turnkey operations and management contracts involve one party undertaking the construction or operation of a facility on behalf of another party.

Because They Share a Common Business Objective,Texas Instruments Has Reported