When two or more firms form a legally independent company to pursue common objectives,in is called:
A)A semiautonomous partnership
B)A social network
C)An equity alliance
D)A business network
E)None of these

Question

Quizplus · Accepted Answer

When two or more firms form a legally independent company to pursue common objectives, it is called an equity alliance. This type of alliance is formed by purchasing equity in the partner firm or creating a new entity in which each partner has an ownership stake. It allows firms to combine their resources and expertise to achieve common goals while maintaining their independence.

When Two or More Firms Form a Legally Independent Company