The management is thinking of joining hands with its one time rival,CG-VAK Software,in order to gain access to new markets and technologies.By doing this,the organization is nurturing a ________.
A)joint stock company
B)task force
C)community of practice
D)strategic partnership

Question

Quizplus · Accepted Answer

A strategic partnership is a formal alliance between two organizations that collaborate for a mutual benefit. In this case, the management's decision to join hands with CG-VAK Software indicates that they are seeking to gain access to new markets and technologies, which is a typical aim of a strategic partnership. A joint stock company and task force are not relevant in this context, and a community of practice involves a group of individuals who share a common interest or profession, rather than an alliance between organizations.

The Management Is Thinking of Joining Hands with Its One