Two or more companies that find an area of collaboration and combine their efforts to create a partnership beneficial to both parties is a
A)strategic alliance.
B)modular organization.
C)matrix organization.
D)learning organization.

Question

Quizplus · Accepted Answer

A strategic alliance is a collaboration between two or more companies that work together to achieve common goals. This partnership helps both parties to gain a competitive advantage and achieve their business objectives by pooling their resources, knowledge, and expertise. A modular organization focuses on creating standardized components that can be easily assembled into different configurations. A matrix organization is a hybrid structure that combines functional and product-based approaches to manage projects. A learning organization emphasizes continuous learning and improvement to adapt to changing market conditions and customer needs.

Two or More Companies That Find an Area of Collaboration