Partnerships, Joint Ventures, and Alliance Agreements

A _______ is the association of two or more business entities forming a separate legal entity to carry out continued business operations.

• joint venture

• strategic alliance

• partnership agreement

A _________ is an agreement between two or more entities working jointly with one another to enhance the businesses of each other.

• joint venture

• strategic alliance

• partnership agreement

The companies creating a _______ no longer perform as independent entities, unlike the ________ where the firms continue to work independently.

• joint venture; strategic alliance

• strategic alliance; joint venture

• partnership agreement; strategic alliance

The _______ aims to maximize the returns, whereas mitigating the risk drives the _________.

• joint venture; strategic alliance

• strategic alliance; joint venture

• partnership agreement; strategic alliance

In the case of a _______, the existence of the contractual agreement is necessary, which specifies all the terms and conditions of the arrangement between the two parties

• joint venture

• strategic alliance

• partnership agreement

Since a _______ is formed by two firms coming together and joining to create a separate legal entity to carry out mutual objectives, it has bilateral management. However, in the case of the________, delegated administration is usually found since the independent entities continue to operate.

• joint venture; strategic alliance

• strategic alliance; joint venture

• partnership agreement; strategic alliance

In _____, they pool together their resources and expertise to achieve a specific goal while they can also remain separated and continue working on their main businesses.

• joint ventures

• strategic alliances

• partnership agreements

A _________ is an ongoing relationship between two or more businesses run a business together. They work on all operations and activities for a prolonged period of time. The profits are shared as well as the losses (under an agreed ratio) and the governing of the business can either be done by all partners or by a single one that acts and decides on behalf of all the others.

• joint venture

• strategic alliance

• partnership

________ is limited to specific goals and it start as a single project with a clear purpose. The _______ is an ongoing relationship where the partners run their business together for a long period of time.

• joint venture; strategic alliance

• strategic alliance; joint venture

• joint venture; partnership

A ________ is operated by businesses, people, corporations, governments or other types of organizations also known as co-ventures. A ______ is only between individuals or companies also known as partners.

• joint venture; strategic alliance

• strategic alliance; partnership

• joint venture; partnership