The collaboration between Volvo Aero (a subsidiary of Sweden's AB Volvo) and U.S.-based Pratt & Whitney to produce a new jet engine would be characterized as a(an)
A) collusive tactic.
B) merger.
C) cross-border strategic alliance.
D) international acquisition.

Question

Quizplus · Accepted Answer

The collaboration between Volvo Aero and Pratt & Whitney to produce a new jet engine involves two companies from different countries forming a strategic alliance to achieve a common goal, making it a cross-border strategic alliance.

The Collaboration Between Volvo Aero (A Subsidiary of Sweden's AB