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a strategic alliance is a type of blank firms use to expand into the foreign market. multiple choice question. global licensing strategy global exporting strategy global entry strategy foreign direct investment

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A strategic alliance is a type of global entry strategy firms use to expand into the foreign market. The correct answer would be option C.

A strategic alliance is an agreement between two businesses to work together on a project that will benefit both parties while maintaining their individual freedom. Compared to a joint venture, which involves two companies pooling resources to form a new business organization, the arrangement is less intricate and legally enforceable.

A business could form a strategic alliance to increase its market share, enhance its product offering, or gain an advantage over rivals. The agreement enables two businesses to collaborate on a mutually beneficial project. The partnership could last a short while or be ongoing, and the contract could be formal or informal. Despite the fact that the strategic alliance may be informal, each member's duties are well-defined.

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