A ________ is a partnership between two or more firms that is developed to achieve a specific goal and has no joint ownership involved.
A) joint alliance
B) joint venture
C) licensing agreement
D) merger
E) strategic alliance

Question

Quizplus · Accepted Answer

A strategic alliance is a partnership between two or more firms developed to achieve a specific goal without involving joint ownership, distinguishing it from options like joint ventures which typically involve some level of ownership sharing.

A ________ Is a Partnership Between Two or More Firms