Understanding Business with Connect Access Card
Understanding Business with Connect Access Card
12th Edition
ISBN: 9781260277142
Author: William Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 3.3, Problem 7TP
Summary Introduction

To determine: The key difference between a joint venture and a strategic alliance.

Introduction:

Joint venture refers to a venture where two or more parties run the organization to carry out the common project whereas strategic alliance refers to long term business arrangement where two or more parties agree to share their resources to achieve common objectives.

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