A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities would be called a ________.
A)franchising agreement
B)strategic alliance
C)foreign subsidiary
D)transnational venture

Question

Quizplus · Accepted Answer

A strategic alliance is a partnership between two or more firms to achieve a specific goal, such as developing new products or building production facilities, while sharing the cost and risk involved. This allows the firms to leverage each other's strengths and resources to achieve a common objective. The other options do not accurately describe this type of partnership.

A Domestic Firm and a Foreign Firm Sharing the Cost