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

Question

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International collaborative ventures involve firms from different countries coming together to share resources, costs, and risks in order to pursue a new business opportunity. This contrasts with turnkey operations, greenfield investments, and acquisitions, which are other forms of international business expansion but do not necessarily involve a partnership or collaboration.

________ Refers to a Cross-Border Business Alliance Whereby Partnering Firms