Final answer:
The agreement between Proctor & Gamble and Walmart is a strategic partnership for product development.
Step-by-step explanation:
The agreement between Proctor & Gamble and Walmart falls under the category of strategic partnership for product development. A strategic partnership is formed when two or more organizations collaborate to achieve mutually beneficial goals. In this case, Proctor & Gamble and Walmart have come together to develop and market certain products or product lines.