What is the difference between a joint venture and a strategic alliance?
A)A joint venture is legally binding, while a strategic alliance is not.
B)Strategic alliances can be accused of illegal price fixing.
C)Joint ventures involve the creation of third-party entities.
D)Joint ventures can only include two companies; a strategic alliance can have any number.

Question

Quizplus · Accepted Answer

A joint venture involves the creation of a third-party entity, while a strategic alliance does not. In a joint venture, the new company is owned by the companies and investors involved.

What Is the Difference Between a Joint Venture and a Strategic