A __________is a strategic alliance in which two existing companies collaborate to form a third, independent company.
A) joint venture
B) Franchise
C) wholly owned affiliate
D) global new venture
E) cooperative contract

Question

Quizplus · Accepted Answer

A joint venture is a strategic alliance in which two or more companies collaborate to form a third, independent company. This new entity is separate from the two parent companies, with its own management, assets, and liabilities. Joint ventures are often established to pursue a specific project or market opportunity, and allow each parent company to leverage their unique capabilities and resources to achieve a common goal.

A __________Is a Strategic Alliance in Which Two Existing Companies