A ________ Is an Entity Created When Two or More

question 46

Multiple Choice

A ________ is an entity created when two or more firms pool a portion of their resources to create a separate, jointly owned organization.

• A) strategic venture
• B) strategic alliance
• C) tactical venture
• D) acquisition venture
• E) joint venture

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Definitions:

Logistics Operations

The management and coordination of complex processes involved in the movement, storage, and handling of goods from origin to destination.

Inventory Carrying Costs

Expenses related to storing and managing unsold goods, including warehousing, insurance, taxes, and opportunity costs.

Distribution Costs

Expenses associated with transporting, warehousing, and delivering products from the manufacturer to the consumer.

Production Costs

The total expense incurred in the manufacture of a product or delivery of a service, including raw materials, labor, and overhead costs.