A(n) ________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.
A) equity strategic alliance
B) joint venture
C) global venture
D) nonequity strategic alliance

Question

Quizplus · Accepted Answer

A joint venture is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose. The other options, equity and nonequity strategic alliances, do not necessarily involve the creation of a new organization, while global venture is not a recognized term in the context of strategic alliances.

A(n) ________ Is a Specific Type of Strategic Alliance in Which