When two or more companies with unique resources are formed to offer a new service to potential customers to create mutual benefit for these companies,this arrangement is called a(n):

Question

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This describes a strategic partnership, where two or more companies join together to create a new service or product that benefits them both. A merger involves completely combining two companies into one entity, while syndicated services and field services are specific types of services rather than business arrangements. A professional association is a group of individuals in the same profession who join together for networking and educational purposes.

When Two or More Companies with Unique Resources Are Formed