Question

When Cisco Systems Inc. of San Jose, California, and Tata Consultancy Services of Mumbai, India, entered into their __________, they both continued to develop market-ready infrastructure and network solutions for customers, but they relied on each other to provide the training and skills that one or the other might have lacked.
a. franchise
b. joint venture
c. strategic alliance
d. direct investment
e. indirect investment

Answer 1

Answer: Option (C)

Explanation:

From the given case/scenario, we can state that Cisco and Tata have entered into strategic alliance.  Where a strategic alliance which is also referred to as strategic partnership is known as an agreement in between either two or more organization/parties in order to to pursue the sets of objectives while also remaining and working as an independent organization. Strategic alliance usually at times tend to fall short of legal agency, partnership entity or the corporate affiliated relationships.