Alpha Computing is a U.S. company that specializes in IT research. It has formed a joint venture with Microchips Inc., a Belgium organization that has a reputation for producing quality PCs. The two companies will work together to market laptops in China, sharing the risks and rewards of starting the new enterprise together. Alpha Computing and Microchips Inc. are partners in a(n)
Answers
Alpha Computing and Microchips Inc. are partners in strategic alliance
Explanation:
A strategic alliance is an agreement between two firms to execute a mutually advantageous project when one of them maintains its freedom. The partnership is less complicated and less definitive than the joint venture, where two firms share capital to establish a single corporate organization.
For example, in a strategic alliance, Company A and Company B integrate their respective expertise, skills and core competencies to stimulate common value in the design, produce or delivery of products or services.
Learn more about Strategic alliance :
Strategic alliance advantages and disadvantages
https://brainly.in/question/2449844
What is strategic alliance in international business management?
https://brainly.in/question/11791383