WindWing Inc., an airline company with great success in the domestic market, started WingDream Ventures with the goal of bringing its airline services to all the major countries in the world. WingDream is an example of a _____.

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WingDream Ventures is a new venture that aims to expand the airline services of WindWing Inc. globally, making it a global new venture. A licensee refers to a company or individual who is given the right to use a company's patented technology or trademark. A strategic alliance is a partnership between two or more companies to achieve a common goal. A franchise is a type of business model where a franchisee is given the right to use a company's trademark, business model, and products in exchange for a fee.