________ refer to cross-border business alliance whereby partnering firms pool their resources and share costs and risks to undertake a new business venture.

Question

Quizplus · Accepted Answer

The given definition matches the concept of international collaborative ventures, which involves partnering firms joining together to start a new business venture, with a shared risk and cost factor. Turnkey operations refer to a contractual agreement for a third party to provide a full-fledged project to the buyer, while Greenfield investments and acquisitions do not involve partnering firms.

________ Refer to Cross-Border Business Alliance Whereby Partnering Firms Pool