A(n)_____ involves a contractual agreement between two or more enterprises stipulating that the involved parties will cooperate in a certain way for a certain time to achieve a common purpose.

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A strategic alliance is a formal agreement between two or more parties to pursue a set of agreed upon objectives while remaining independent organizations. This type of partnership allows companies to pursue common goals or to meet critical business needs while maintaining their separate identities and not merging their assets or operations as in mergers or acquisitions.

A(n)_____ Involves a Contractual Agreement Between Two or More Enterprises