BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Equity Alliance
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Joint Venture
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Non-Equity Alliance
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Alliance insurance group
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Detailed explanation-1: -Non-equity strategic alliances In a non-equity strategic alliance, partners pool resources toward a mutual business objective in a more informal agreement. There are no child entities or shared equity. For this reason, non-equity strategic alliances are one of the most common.
Detailed explanation-2: -Non – Equity Strategic Alliance These make up the vast majority of business alliances. Taking equity-sharing out of the equation can be a strategic advantage in research and development, production, and sales and marketing.
Detailed explanation-3: -Definition. A joint venture is the association of two or more business entities forming a separate legal entity to carry out continued business operations. A strategic alliance is an agreement between two or more entities working jointly with one another to enhance the businesses of each other.
Detailed explanation-4: -There are three types of strategic alliances: Joint Venture, Equity Strategic Alliance, and Non-equity Strategic Alliance.