Asked by
Aysha Ghanawi
on Nov 09, 2024
Verified
What is a joint venture an example of?
A) Vertical integration
B) Merger
C) Acquisition
D) Strategic alliance
E) Establishing legitimacy
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.
Strategic Alliance
A formal agreement between two or more parties to pursue a set of agreed-upon objectives while remaining independent organizations.
Vertical Integration
A strategy where a company expands its operations by taking over or merging with other companies that are at different stages of production or distribution in the same industry.
- Discern the differences among strategic alliances, mergers, and acquisitions.
- Comprehend the role of strategic alliances and joint ventures in organizational strategy.
Verified Answer
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Learning Objectives
- Discern the differences among strategic alliances, mergers, and acquisitions.
- Comprehend the role of strategic alliances and joint ventures in organizational strategy.