In a ________, two or more companies work together cooperatively, but no new organization is formed. The partnering companies share decision-making authority, control of the operation, and any profits that the relationship creates.

In a ________, two or more companies work together cooperatively, but no new organization is formed. The partnering companies share decision-making authority, control of the operation, and any profits that the relationship creates.


A. Exporting agreement
B. Joint venture
C. Franchising arrangement
D. Licensing agreement
E. Strategic alliance


Answer: E. Strategic alliance


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