The joint venture option for structuring a strategic alliance:
A) seldom involves forming a new business unit.
B) is usually less formal than a cooperative relationship.
C) is more flexible and adaptable than a cooperative relationship.
D) involves the partners taking ownership positions.

Question

Quizplus · Accepted Answer

The joint venture option involves the partners taking ownership positions in a new business unit that is formed as a result of the alliance. This is different from a cooperative relationship, which is usually less formal and does not involve the creation of a new business unit. The joint venture option is also more flexible and adaptable than a cooperative relationship, as the partners have more control over the structure and operations of the new business unit.

The Joint Venture Option for Structuring a Strategic Alliance