Identify a True Statement About a Nonequity Alliance

Identify a true statement about a nonequity alliance.

A) It is an alliance in which two or more firms write a contract to govern their relationship.
B) It is an alliance in which the collaborating firms supplement contracts with equity holdings in their alliance partners.
C) It is an alliance in which collaborating firms create and jointly own a legally independent company.
D) It is an alliance in which one of the collaborating firms invests in product development and the other focuses on sales.