France's Thomson Electronics combined with China's TCL to form TCL-Thomson Electronics.Thomson owns 33% and TCL owns the remaining 67% of TCL-Thomson Electronics.This is best described as a(n)________.
A)turnkey operation
B)acquisition
C)international licensing agreement
D)equity strategic alliance

Question

Quizplus · Accepted Answer

This is an example of an equity strategic alliance, where two companies form a partnership and share ownership in a new entity. In this case, Thomson and TCL combined to form TCL-Thomson Electronics, with Thomson owning 33% and TCL owning 67%.

France's Thomson Electronics Combined with China's TCL to Form TCL-Thomson