Alcatel-Lucent and Huawei Technologies,Ltd.(headquartered in China)announced they will establish an alliance for developing ultra broadband access solutions for markets around the world.The new company will combine Huawei's market-leading broadband access solutions with Alcatel-Lucent a voice and broadband networking technologies to create a new product designed to be a leader in the industry in value and performance.What is another name for this alliance?
A)contract manufacturing
B)a trade bypass
C)licensing
D)a joint venture

Question

Quizplus · Accepted Answer

Both parties will benefit from this international arrangement.