When partners in a strategic alliance form a new business unit to implement their plans, what have they created?
A) a joint venture
B) a collusion organization
C) a development team
D) a merged organization

Question

Quizplus · Accepted Answer

When partners in a strategic alliance form a new business unit to implement their plans, they have created a joint venture. A joint venture is a separate legal entity that is owned and controlled by the two partners. It allows the partners to pool their resources and expertise to achieve a common goal while sharing the risk and rewards of the venture.

When Partners in a Strategic Alliance Form a New Business