Cooperative arrangements between actual or potential competitors in which each partner retains its business independence are known as ________.

Question

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Strategic alliances refer to cooperative arrangements between actual or potential competitors, where each partner retains its business independence. Contract manufacturing involves a company outsourcing the manufacturing of its products to another company. Licensing agreements involve giving another company the right to use a company's patented or trademarked products. Turnkey projects involve a company contracting another company to complete a project from start to finish. Wholly owned subsidiaries involve a company owning 100% of another company.

Cooperative Arrangements Between Actual or Potential Competitors in Which Each