A __________Is a Strategic Alliance in Which Two Existing Companies

question 49

Multiple Choice

A __________is a strategic alliance in which two existing companies collaborate to form a third, independent company.

• A) joint venture
• B) Franchise
• C) wholly owned affiliate
• D) global new venture
• E) cooperative contract

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Definitions:

Stakeholder Responsibility

The obligation of an organization to act in ways that benefit its stakeholders, including customers, employees, and the wider community.

Ethics

The moral principles that govern a person's behavior or the conducting of an activity, often playing a critical role in decision-making.

Profitability

The ability of a business to generate more revenue than expenses, resulting in a profit.

Corporate Philanthropy

The practice where a company allocates a portion of its earnings or assets to support nonprofit organizations or philanthropic endeavors.