The Renault Nissan alliance (Chapter 9 Mini Case) is an example of a _______ created to gain economies of scope by sharing resources and capabilities.

Question

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The Renault Nissan alliance is an example of a synergistic strategic alliance, which refers to a partnership where two or more firms work together to achieve strategic goals that they would not be able to accomplish on their own. In this case, Renault and Nissan formed an alliance to gain economies of scope by sharing resources and capabilities such as technology, manufacturing facilities, distribution networks, and design expertise. This allowed both firms to expand their product lines, reduce costs, and increase their competitiveness in the global market. Therefore, C is the correct choice. The other options are not suitable because a diversifying strategic alliance aims to enter new markets or industries, a vertical complementary alliance involves firms in different stages of the same industry value chain, and a nonequity-based horizontal complementary alliance is a partnership between two firms in the same industry that complement each other's strengths.

The Renault Nissan Alliance (Chapter 9 Mini Case) Is an Example