ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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foreign joint venture
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trade intermediary
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export management company
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freight forwarder
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Detailed explanation-1: -Foreign Joint Venutre. An alliance between an American small business and a company in another nation.
Detailed explanation-2: -With a joint venture, two or more companies create a single legal entity in which each owns a share. By contrast, with a strategic alliance, each company works together but no new legal entity is created.
Detailed explanation-3: -International strategic alliance is typically defined as a collaborative arrangement between firms headquartered in different countries. Partnering firms remain legally independent after the formation of alliance and the alliance relationship is relatively enduring.
Detailed explanation-4: -Differences between a Joint Venture and a Strategic Alliance A joint venture is a form of business arrangement entered into for the purpose of accomplishing a specific task by combining resources. A strategic alliance is an informal agreement between parties to reach a mutually beneficial goal by sharing resources.