In a Joint Venture, the costs and operation of running an enterprise between a foreign company and a local one are shared. While Strategic Alliance is a partnership that is formed to create a competitive advantage.
This is a business term where two or more business entities pool their resources and expertise to execute a given task, project, or attain a business objective.
This is an agreement and or an arrangement between two corporate entities to carry out or execute a mutually beneficial project with each party retaining its independence.
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