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Which of the following are correct statements with regards to a joint venture and with...

Which of the following are correct statements with regards to a joint venture and with regards to a strategic alliance? Select TWO that apply.

A.

A strategic alliance creates a new company formed between the partners

B.

A strategic alliance is managed by both partners

C.

In a joint venture, a new company is formed between the partners

D.

A joint venture is also known as vertical integration

E.

A strategic alliance is a permanent arrangement

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