Winston Foods and O'Toole's Soda have agreed to perform together multiple stages of the process by which products are brought to the market. The two firms have most likely formed a ________.
A) joint venture
B) production alliance
C) process alliance
D) comprehensive alliance
Question 2
An economic union ________.
A) requires members to eliminate internal trade barriers, adopt a common external policy toward nonmembers, abolish restrictions on the movement of the factors of production, and coordinate economic policies
B) eliminates trade barriers among member countries
C) requires members to eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate barriers to the movement of the factors of production
D) involves the elimination of internal trade barriers among member countries and the adoption of common external trade policies toward nonmembers