Company A and Company B enter into a strategic alliance to create Company C so they can pool resources.

Question

Quizplus · Accepted Answer

A joint venture is a type of strategic alliance where two or more companies form a separate entity (in this case, Company C) to pool their resources and expertise to pursue a specific business objective. This is different from a partnership or partnership alliance, which typically involve the sharing of resources and responsibilities without creating a separate legal entity. A license is also not applicable in this scenario, as it typically involves one company granting another company the rights to use its intellectual property or technology.

Company a and Company B Enter into a Strategic Alliance