Which of the following types of strategic alliances is the most formal?
A) long-term contract
B) network
C) minority ownership
D) joint venture

Question

Quizplus · Accepted Answer

Joint ventures are the most formal type of strategic alliance because they involve the creation of a separate legal entity owned and operated by two or more parent companies. Joint ventures usually require larger investments and more complex agreements than other types of alliances, making them the most formal option.

Which of the Following Types of Strategic Alliances Is the Most