A _____ between two organizations is an agreement to cooperate to achieve one or more common important objectives without forming a separate entity.
A) joint venture
B) merger
C) divestiture
D) strategic alliance

Question

Quizplus · Accepted Answer

A strategic alliance is a cooperation agreement between two or more organizations to achieve shared goals or objectives without forming a separate entity. In a strategic alliance, each organization remains independent and retains its own identity, but they work together in areas of mutual interest to achieve their goals. Joint ventures involve forming a new entity, mergers involve the combination of two or more organizations into one, and divestitures involve the sale or transfer of assets or business units.

A _____ Between Two Organizations Is an Agreement to Cooperate