What Is the Primary Difference Between a Strategic Alliance and a Joint

What is the primary difference between a strategic alliance and a joint venture?

A) A joint venture results in the formation of a new entity that is separate from the participating firms.
B) A strategic alliance is a more permanent and binding arrangement than a joint venture.
C) Strategic alliances are of more value to the participating firms than joint ventures.
D) Joint ventures can be used for cross-border alliances but strategic alliances cannot.

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