A Strategic Alliance Strategy Differs from a Joint Venture in That

question 39

Multiple Choice

A strategic alliance strategy differs from a joint venture in that a strategic alliance:

• A) does not involve the formation of a new organization.
• B) involves granting a foreign company the right to create a company's product.
• C) is widely prevalent in service industries.
• D) allows a firm to have complete control over its products.
• E) involves creating goods within a firm's home country and then shipping them to another country.

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Definitions:

Great Britain

An island in the North Atlantic Ocean off the northwest coast of continental Europe, comprising England, Scotland, and Wales.

European Union

A politico-economic union of 27 European countries that are located primarily in Europe, aimed at fostering economic cooperation and has its own currency, the Euro, which is used by 19 of the member countries.

Labor Legislation

Laws and regulations designed to protect the rights of workers, regulate employment conditions, and manage labor relations and unions.

Margaret Thatcher

British Prime Minister from 1979 to 1990, known for her conservative policies and role in restructuring the UK economy, often clashing with labor unions.