A U.S. company agrees with a foreign company to start a new enterprise together in a foreign country, sharing the risks and the rewards. This is called a   

A. countertrade.
B. greenfield venture.
C. wholly owned subsidiary.
D. strategic alliance.
E. maquiladora.


D. strategic alliance.

A U.S. firm may form a joint venture, also known as a strategic alliance, with a foreign company to share the risks and rewards of starting a new enterprise together in a foreign country.

Business

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A creative, distinctive strategy that delivers a sustainable competitive advantage is important because

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What will be an ideal response?

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