A ________ is a strategic alliance among two or more organizations that agree to establish and share the ownership of a new business.
A) collusion
B) merger
C) joint venture
D) cartel

Question

Quizplus · Accepted Answer

A joint venture is a strategic alliance where two or more organizations come together to create and share ownership of a new business entity. Unlike a merger, each organization retains its separate legal identity and the joint venture is typically formed for a specific, limited purpose.

A ________ Is a Strategic Alliance Among Two or More