An agreement in which managers pool or share their organization's resources and know-how with a foreign company, and the two organizations share the rewards and risks of starting a new venture is called a(n) _____.
A) takeover agreement
B) franchise sharing
C) license lending
D) strategic alliance
E) foreign subsidiary

Question

Quizplus · Accepted Answer

An agreement in which managers pool or share their organization's resources and know-how with a foreign company, and the two organizations share the rewards and risks of starting a new venture is called strategic alliance.

An Agreement in Which Managers Pool or Share Their Organization's