Corning's Ceramics is a company that produces ceramic parts.Since the company reached an agreement with a cardboard box manufacturer,it has saved about $10 million in packaging costs.Additionally,the box manufacturer has also enjoyed a three-fold rise in sales.Which of the following types of relationships do these two firms have?

Question

Quizplus · Accepted Answer

The fact that the two firms entered into an agreement and are benefiting mutually suggests a strategic partnership, where the firms work together to achieve common goals, rather than a solo market transaction or competitive relationship.

Corning's Ceramics Is a Company That Produces Ceramic Parts