Question

In industries where international competition is so fierce and the costs of competing on a global basis are so high that only a few firms have the resources to do it alone, they collaborate with other companies to form a ____

a. direct investment
b. contract manufacturing deal
c. franchise
d. joint venture
e. strategic alliance

Answer 1

e. strategic alliance

Step-by-step explanation:

Strategic alliance -

It refers to a type of mutual agreement between two companies to get mutually benefited by a common project , is referred to as strategic alliance .

It is different from that of a joint venture , where the two individuals merge their resources to start a new project .

But in case of a strategic alliance the agreement between the two parties is not very complex.

The agreement can be short term as well as long term .

The agreement is signed in order to expand into the new markets .

Hence , from the given information of the question ,

The correct option is e. strategic alliance .