A(n)________ refers to an arrangement between two or more companies whereby they agree to ally themselves and work together to accomplish a designated objective.

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A strategic alliance is a cooperative agreement between two or more companies designed to achieve mutually beneficial goals. The alliance involves sharing resources, knowledge, and expertise to help each partner achieve its objectives. A limited partnership involves a formal business relationship between one or more general partners who manage the business and assume personal liability for its debts, and one or more limited partners who provide capital but have limited liability. A joint venture involves the creation of a new entity, jointly owned and controlled by two or more parent companies, to undertake a specific business venture. A franchise involves the licensing of a business model and trademark by a franchisor to a franchisee in exchange for ongoing fees and royalties.

A(n)________ Refers to an Arrangement Between Two or More Companies