NorthStar Inc.and The Royal Group have together established The Royal Star Group of hotels.NorthStar owns 49 percent and The Royal Group has a 51 percent share in The Royal Star Group of hotels.However, the management of The Royal Star Group of hotels is separate from its parent companies.What alliance type does this scenario best illustrate?
A) Sole Proprietorship
B) Non-equity alliance
C) Equity alliance
D) Joint venture
Correct Answer:
Verified
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