The difference between a joint venture and a strategic alliance is that typically a joint venture does not involve sharing costs,risks,management or even profits.

Question

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The statement is incorrect. A joint venture typically involves sharing costs, risks, management, and profits between two or more parties. On the other hand, a strategic alliance is a collaboration between two or more companies for a specific project or goal but they do not necessarily share ownership or joint management of the venture.

The Difference Between a Joint Venture and a Strategic Alliance