Final answer:
The collaboration is a form of community sponsorship, where MTY company would provide funds for Little League shirts and get the company's name on them, benefiting both parties.
Step-by-step explanation:
The collaboration described in the question is an example of community sponsorship. This type of collaboration occurs when a business supports a local group or event, in this case, a Little League team, by providing financial resources or other forms of help. The company, in turn, receives recognition for their contribution, often through advertising or brand promotion as part of the sponsored activity. In this specific instance, MTY company owner is asked to donate money for shirts and in exchange, the company's name will be printed on the shirt, providing visibility within the community. It is a mutually beneficial arrangement, where the company gains exposure and goodwill, while the team receives the necessary support.