Long-term agreements between two or more companies to jointly develop new products or processes that benefit all companies that are a part of the agreement are known as:
A)horizontal integration.
B)outsourcing.
C)strategic alliance.
D)joint venture.
E)vertical integration.

Question

Quizplus · Accepted Answer

Long-term agreements between two or more companies to jointly develop new products or processes that benefit all companies that are a part of the agreement are known as strategic alliances. The other choices, such as outsourcing, joint venture, horizontal and vertical integration, refer to different forms of collaboration or integration between companies, but not necessarily with the joint goal of developing new products or processes.

Long-Term Agreements Between Two or More Companies to Jointly Develop