An agreement between two or more firms that do not involve the creation of a separate entity with joint ownership and in which the firms stand to gain revenues and maximize profits through cooperation for a given period of time is called a(n)_____.

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A strategic alliance is a type of cooperative agreement where two or more firms work together without forming a separate entity or joint ownership. The main goal of a strategic alliance is to maximize profits, gain revenues, and achieve common objectives through cooperation for a given period of time. The other options such as a license, franchise, foreign acquisition, and export-import business do not accurately describe this type of cooperation between firms.

An Agreement Between Two or More Firms That Do Not