Johnson Manufacturers and Peabody Enterprises are both manufacturers of plastic products,such as plastic plates and silverware.These two firms have decided to work together to find a more efficient way to recycle rejected products so that any rejected material can be reused.Thus,each company is going to assign two of its engineers to this project and have agreed to share any and all costs incurred in this process.This project is an example of a:

Question

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This project is an example of a strategic alliance because both companies are collaborating to achieve a common goal without merging their businesses. They are sharing resources and knowledge to improve their recycling processes.

Johnson Manufacturers and Peabody Enterprises Are Both Manufacturers of Plastic