Final answer:
Cross promotions involve multiple companies promoting each other's products, while co-branding is a partnership where brands combine to offer a joint product. Thus, they are not the same thing, making the statement false.
Step-by-step explanation:
Cross promotions and co-branding are not the same thing, which makes the correct answer to the statement "Cross Promotions and Co-Branding are the same thing" B. False. Cross promotions refer to a marketing strategy where two or more companies promote each other's products or services. On the other hand, co-branding is a strategic partnership where two or more brands join together to create a product or service that carries both (or all) of their names and leverages the brand equity of each. While both strategies involve collaboration between companies, they serve different purposes and are implemented in different ways.