A(n)__________ is formed when companies agree to partner with one another,but do not set up a separate entity.
A)Joint venture
B)Merger
C)Strategic alliance
D)Sole ownership
E)Task force

Question

Quizplus · Accepted Answer

A strategic alliance is a partnership between two or more companies that agree to work together towards a common goal, but without creating a separate legal entity. This can involve sharing resources, knowledge, or skills in order to achieve mutual benefits, such as expanded market reach or cost savings. Unlike a joint venture, which typically involves the creation of a separate entity, a strategic alliance allows companies to maintain their independence while collaborating strategically.

A(n)__________ Is Formed When Companies Agree to Partner with One