Strategic alliances are:
A) short-term agreements between two companies to jointly develop new products.
B) short-term agreements between two companies to jointly market new products that benefit all companies involved in creating the product.
C) short-term partnerships between two companies.
D) long-term commitments between two companies to share research and development activities.
E) long-term agreements between two or more companies to jointly develop products that benefit all companies involved in the alliance.

Question

Quizplus · Accepted Answer

Strategic alliances are long-term agreements between two or more companies to jointly develop products or services that benefit all companies involved in the alliance. This type of collaboration allows companies to share resources, knowledge, and expertise, reduce costs, and gain access to new markets. Strategic alliances can involve companies from different industries, countries, or regions, and can cover various activities, such as research and development, manufacturing, distribution, and marketing. By pooling their strengths and working together towards a common goal, companies can achieve greater innovation, competitiveness, and profitability.

Strategic Alliances Are