GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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agreements between companies or partners to reach objectives of a common interest
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a licensed property, trademark or concept to another entity by a business owner
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the money a country owes another country
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Gross Domestic Product; total market value of all goods and services which are produced within a country during a given period
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also called buying power; the value of money measured by the quality and quantity of products and services the money can by
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Detailed explanation-1: -What Is a Strategic Alliance? A strategic alliance is an arrangement between two companies to undertake a mutually beneficial project while each retains its independence. The agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.
Detailed explanation-2: -Strategic alliance definition: It’s a joint venture that bolsters a core business strategy, creates a competitive advantage, and abates competitors from moving in on a marketplace. It allows individual companies to achieve more together than they would have on their own. In other words: Coopetition.
Detailed explanation-3: -A strategic alliance is an agreement between two separate companies with a common goal to take on a project for their mutual benefit. In a strategic partnership, the two companies maintain their independence.
Detailed explanation-4: -Joint Venture. A joint venture is a child company of two parent companies. Equity Strategic Alliance. Non – Equity Strategic Alliance. 13-Aug-2019