To gain access to one another's markets, several U.S.and Japanese automobile manufacturers (for example, DaimlerChrysler and Mitsubishi) are engaging in temporary alliances to manufacture and market certain models of cars.These types of partnerships are known as _____.
A) limited-liability companies
B) S-corporations
C) cooperatives
D) joint ventures
E) foreign corporations

Question

Quizplus · Accepted Answer

Temporary alliances between companies from different countries to manufacture and market certain models of cars are known as joint ventures. These joint ventures allow the companies to gain access to each other's markets and share knowledge and resources. Other options such as limited-liability companies, S-corporations, cooperatives, and foreign corporations do not accurately describe the type of partnership described in the question.

To Gain Access to One Another's Markets, Several U