Answer:
When ABC and XYZ two different organizations in the same industry decide to unite to pursue areas of mutual interest. This scenario represents a strategical alliance.
Explanation:
In many cases, this is the best for both because instead of competing for each one against the other they decide to divide the market into certain shares. Also, they work together to research more and increase their profits. This type of case could lead to mergers. One of the most famous mergers of the automobile industry is the Renault, Nissan, and in sometimes Mitsubishi. They worked to research and shared the respective market to strengthen each other.
