This type of strategic alliance is less formal, which means it does not foster intimate relationship between partner firms.Select one:a.Equity strategic allianceb.Joint venturec.Nonequity strategic allianced.Integration alliance
Question
This type of strategic alliance is less formal, which means it does not foster intimate relationship between partner firms.Select one:a.Equity strategic allianceb.Joint venturec.Nonequity strategic allianced.Integration alliance
Solution
The answer is c. Nonequity strategic alliance. This type of strategic alliance is less formal and does not involve a high level of commitment like equity strategic alliances or joint ventures. In a nonequity strategic alliance, companies may collaborate on a specific project or objective, but they do not invest in each other or create a new entity, which allows for less intimacy between the partner firms.
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