Adam has been hired by an organization that has a partnership with a foreign company. Both the partners share resources and knowledge while developing new products. Adam's organization has formed a ________.
A) licensing company
B) franchising company
C) strategic alliance
D) foreign subsidiary

Question

Quizplus · Accepted Answer

A strategic alliance is a partnership formed between two or more companies or organizations to work together to achieve specific goals while remaining independent entities. In this case, Adam's organization has formed a strategic alliance with a foreign company to share resources and knowledge while developing new products. Option A (licensing company) refers to a company that provides licensing rights, while option B (franchising company) refers to a company that provides franchises. Option D (foreign subsidiary) refers to a company that is owned by a parent company in a different country.

Adam Has Been Hired by an Organization That Has a Partnership