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In _______, the costs and operation of a business between a foreign company and a local partner are shared; in _______, a partnership is formed to create a competitive advantage.

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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.

What is a Joint Venture?

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.

What is Strategic Alliance?

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

https://brainly.com/question/9389546

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