Question

A strategic alliance is an organizational relationship that links two separate businesses. an unimportant organizational form in today's business environment. an attempt to duplicate efforts between two firms. a strategy that, as a result of its unwieldy nature, is falling from practice.

Answer 1

Answer: an organizational relationship that links two separate businesses

Step-by-step explanation: In simple words, strategic alliance refers to the business arrangement in which two parties combine their activities for attaining mutual objective but still operating as two separate and independent legal entities.

These business arrangement usually lack legal, agency or cooperate affiliated relationship. Generally such business arrangements are made by the organisation to make their processes more effective and helps the organisations in reducing their costs and risk.