Pop Pvt.Ltd.,a fast food corporation,entered into an agreement with Arc Inc.,a company that manufactures cheese,mayonnaise,and other toppings.Pop Pvt.Ltd.uses the toppings produced by Arc Inc.only.This business agreement has resulted in benefits for both the companies.This is an example of a ________.
A)boundaryless organization
B)joint venture
C)cross-functional team
D)co-operative structure
E)strategic alliance

Question

Quizplus · Accepted Answer

This scenario describes a strategic alliance, which is a cooperative agreement between two or more companies to work together for mutual benefit. In this case, Pop Pvt. Ltd. and Arc Inc. have formed a strategic alliance by agreeing to use each other's products, resulting in mutual benefits.

Pop PvtLtd