Which of the Following Is the Primary Distinction Between a Joint

question 48

Multiple Choice

Which of the following is the primary distinction between a joint venture and a strategic alliance in international marketing?

• A) Strategic alliances are only formed between companies from well-developed countries whereas joint ventures are between companies from economically-diverse countries.
• B) A joint venture involves only two companies whereas a strategic alliance is formed between three or more companies.
• C) A strategic alliance is formed by companies who have traditionally been rivals, which is not the case with a joint venture.
• D) A joint venture is a partnership formed to create a competitive advantage on a worldwide basis whereas a strategic alliance is a partnership between a domestic firm and a foreign firm or government.
• E) A joint venture is simply a financial investment in a foreign firm while a strategic alliance involves more than just financial support.

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Definitions:

Quality Circles

A group of workers who voluntarily meet together on a regular basis to discuss and solve problems affecting the quality of their work, aiming to improve operations, reduce costs, and foster a more enjoyable work environment.

Group Planning

A collaborative approach to planning and decision-making processes, involving a group of individuals or teams to enhance outcomes and solutions.

Pareto Chart

A statistical tool used in decision making to identify the few critical causes (the "vital few") that are responsible for most effects or problems.

Pareto Charts

Visual tools that represent the frequency or impact of problems, highlighting the most significant factors in a dataset.