Feast-It Inc., a fast food corporation, entered into an agreement with Spark Inc., a company that manufactures cheese, mayonnaise, and other toppings. Feast-It Inc. exclusively uses the toppings produced by Spark Inc. This business agreement has resulted in benefits for both the companies. This is an example of a _____.
A) boundaryless organization
B) joint venture
C) cross-functional team
D) co-operative structure
E) strategic alliance

Question

Quizplus · Accepted Answer

This is an example of a strategic alliance where two companies collaborate for mutual benefit without giving up ownership or control over their operations. In this case, Feast-It Inc. and Spark Inc. have entered into a partnership for the exclusive use of toppings, which has resulted in benefits for both the companies.