A ________ Is a Partnership Between Two or More Firms

question 29

Multiple Choice

A ________ is a partnership between two or more firms that is developed to achieve a specific goal and has no joint ownership involved.

• A) joint alliance
• B) joint venture
• C) licensing agreement
• D) merger
• E) strategic alliance

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Definitions:

Derived Demand

Refers to the demand for a good or service that arises from the demand for another good or service.

Capital Resources

Assets used in the production of goods and services, such as buildings, machinery, equipment, and tools.

Profit Maximization

The process or strategy aimed at achieving the highest possible profits within a business operation.

Economic Resources

Assets or inputs used for the production of goods and services, typically categorized into land, labor, capital, and entrepreneurship.