A strategic alliance

Multiple Choice

is a collaborative arrangement in which companies join forces to defeat mutual competitive rivals.

involves two or more companies joining forces to pursue vertical integration.

is a formal agreement between two or more companies in which there is strategically relevant collaboration of some sort, joint contribution of resources, shared risk, shared control, and mutual dependence.

is a partnership between two companies that is typically intended to eliminate the need to engage in outsourcing.

is usually a cheaper and more effective way for companies to join forces than is a merger