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Which of the following is the BEST definition of a joint venture? A strategy of setting up one or more corporate units as new, independent

Which of the following is the BEST definition of a joint venture?
A strategy of setting up one or more corporate
units as new, independent corporations
The purchase of one company by another
A strategy whereby a firm sells one or more of
its business units
A strategic alliance in which the collaboration
involves shared ownership of the new venture
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