When a stand-alone organization is created and owned by two or more parent companies together,the strategic alliance is referred to as a(n)

Name: When a stand-alone organization is created and owned by two or more parent companies together,the strategic alliance is referred to as a(n)
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A joint venture (JV) is a stand-alone organization created and jointly owned by two or more parent companies. Since partners contribute equity to a joint venture, they are making a long-term commitment.

When a Stand-Alone Organization Is Created and Owned by Two