Asked by Gabriel Matar on Apr 24, 2024
The Grainery Company is collaborating with a competitor on a globally-based opportunity for mutual benefit, but the two competitors are not investing in one another. This is an example of
A) franchising.
B) a joint venture.
C) a strategic alliance.
D) a direct investment.
E) an equity partnership.
Strategic Alliance
A collaborative relationship between independent firms, though the partnering firms do not create an equity partnership; that is, they do not invest in one another.
Globally-Based Opportunity
A chance or prospect for business, investment, or collaboration that is available on an international scale.
Mutual Benefit
A situation or agreement where all parties involved gain advantages or profits, often used in contexts of partnerships or cooperative arrangements.
- Understand various strategies for global market entry and expansion.
- Understand the importance and challenges of developing effective global partnerships and strategic alliances.
Learning Objectives
- Understand various strategies for global market entry and expansion.
- Understand the importance and challenges of developing effective global partnerships and strategic alliances.