Partnerships between or among competitors, customers, or suppliers that may take one or more of various forms, both equity and nonequity, are known as:

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Strategic alliances are partnerships between or among competitors, customers, or suppliers that may take one or more of various forms, both equity and nonequity. Option A, licenses are legal agreements that allow one party to use another party's property, such as a patent or trademark. Option B, joint ventures are separate entities formed by two or more businesses for a specific purpose. Option C, wholly owned subsidiaries are companies that are entirely owned by another company. Option E, management contracts are agreements between two parties where one party provides management services to the other party. However, none of these options define partnerships between or among competitors, customers, or suppliers.

Partnerships Between or Among Competitors, Customers, or Suppliers That May