A(n)________ is a specific type of strategic alliance in which the partners form a separate,independent organization for some business purpose.
A)equity strategic alliance
B)joint venture
C)global venture
D)outsourcing partnership

Question

Quizplus · Accepted Answer

A joint venture is a specific type of strategic alliance where two or more companies create a separate, independent organization to carry out a specific business purpose. This separate entity is jointly owned and managed by the partners, with shared profits and risks. This allows the partners to combine their expertise, resources, and capabilities to achieve a common goal, while also sharing the costs and risks.

A(n)________ Is a Specific Type of Strategic Alliance in Which