Question

Discuss the foreign collaboration and alliances of india in international business

Answer 1

In general, the definition of foreign collaboration can be stated as follows.

“Foreign collaboration is an alliance incorporated to carry on the agreed task collectively with the participation (role) of resident and non-resident entities.”

Alliance is a union or association formed for mutual benefit of parties.

Foreign collaboration is such an alliance of domestic (native) and abroad (non-native) entities like individuals, firms, companies, organizations, governments, etc., that come together with an intention to finalize a contract on some tasks or jobs or projects.

Answer 2

Foreign collaboration is an agreement or contract between two or more companies from different countries for mutual benefit.

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