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andreyandreev [35.5K]
2 years ago
13

In _______, the costs and operation of a business between a foreign company and a local partner are shared; in _______, a partne

rship is formed to create a competitive advantage.
Business
1 answer:
solniwko [45]2 years ago
4 0

In a <u>Joint Venture</u>, the costs and operation of running an enterprise between a foreign company and a local one are shared. While <u>Strategic Alliance</u> is a partnership that is formed to create a competitive advantage.

<h3>What is a Joint Venture?</h3>

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.

<h3>What is Strategic Alliance?</h3>

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.

See the link below for more about Joint Venture

brainly.com/question/9389546

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