Agreements between two or more independent firms to cooperate for the purpose of achieving common goals are referred to as
A)WTO compacts.
B)global partnerships.
C)strategic alliances.
D)free trade agreements.
E)economic coalitions.

Question

Quizplus · Accepted Answer

Agreements between two or more independent firms to cooperate for the purpose of achieving common goals are referred to as strategic alliances. This can include partnerships for research and development, marketing, distribution, or production purposes. Strategic alliances allow firms to leverage each other's strengths and resources to achieve mutual benefits.

Agreements Between Two or More Independent Firms to Cooperate for the Purpose