Asked by Kevin Starrett on Jul 04, 2024
Verified
Yummy Inc., a fast food corporation, entered into an agreement with Garnish Inc., a company that manufactures cheese, mayonnaise, and other toppings. Yummy Inc. exclusively uses the toppings produced by Garnish Inc. This business agreement has resulted in benefits for both the companies. This is an example of a ___.
A) boundaryless organization
B) joint venture
C) cross-functional team
D) cooperative structure
E) strategic alliance
Strategic Alliance
A partnership that organizations join to pursue an area of mutual interest.
Business Agreement
A formal arrangement between two or more parties outlining terms and conditions related to business activities.
Joint Venture
A venture that operates in a foreign country through co-ownership by foreign and local partners.
- Appreciate the strategic value and function of strategic alliances and cooperative structures.
Verified Answer
ZK
Zybrea KnightJul 07, 2024
Final Answer :
E
Explanation :
This is an example of a strategic alliance, which is a cooperative arrangement between two or more organizations for a mutual benefit. In this case, Yummy Inc. and Garnish Inc. have entered into a strategic alliance where Yummy Inc. exclusively uses the toppings produced by Garnish Inc., resulting in benefits for both companies.
Learning Objectives
- Appreciate the strategic value and function of strategic alliances and cooperative structures.
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