Sands Inc., a financial firm, partners with another organization that is at a similar stage along the value chain. The parent organizations create a legally independent firm. However, Sands brings more resources to the new firm than the other partner. Which of the following is being exemplified in this case?

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This scenario is an example of a joint venture, which is a type of strategic alliance where two or more organizations create a separate legal entity to pursue a specific project or business opportunity. In this case, Sands Inc. and another organization are partnering to create a new firm that will operate independently, but with resources from both parent organizations. This is a common way for companies to share risk and leverage each other's strengths in pursuit of a shared goal.

Sands Inc, a Financial Firm, Partners with Another Organization That Is