How does a strategic alliance strategy differ from a merger and acquisition strategy? Question 3Answer a. Strategic alliances involve collaboration between separate entities, while mergers and acquisitions involve the integration of two or more companies. b. Strategic alliances focus on reducing costs, while mergers and acquisitions focus on expanding into new markets. c. Strategic alliances result in the formation of a new company, while mergers and acquisitions involve the combination of existing companies. d. Strategic alliances are more common in the technology sector, while mergers and acquisitions are more common in the manufacturing sector