A _____ is a strategic alliance in which two existing companies collaborate to form a third, independent company.
A)joint venture
B)franchise
C)wholly owned affiliate
D)global new venture
E)cooperative contract

Question

Quizplus · Accepted Answer

A joint venture is a strategic alliance between two or more companies to form a new entity, with shared ownership and control. In a joint venture, each company contributes expertise, resources, and capital to achieve a common goal. Therefore, option A) is the best choice for this definition.

A _____ Is a Strategic Alliance in Which Two Existing