John is interested in joining with a large corporation in a cooperative venture to share risks and pool resources for his small auto parts manufacturing business. The strategy option he is exploring could best be described as

An international strategic alliance.

Explanation:

An international strategic alliance is characterized by the collaboration of companies based in different countries whose main objective is to share resources and know how for the development of the economic growth strategy.

Companies that establish an alliance remain independent, and can be categorized according to their type of collaborative activity, which may be:

franchise, management, licensing, procurement, research and development, marketing, manufacturing ( ...)