strategic alliance

strategic alliance
Collaboration between two or more companies designed to achieve some corporate objective. May include international licensing agreements, management contracts , or joint ventures . Bloomberg Financial Dictionary

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strategic alliance strategic alliance alliance

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strategic alliance UK US noun [C] MANAGEMENT
a formal arrangement between organizations or countries to work together to achieve something: »

The two rival companies have formed a strategic alliance that is expected to extend across Europe.

Financial and business terms. 2012.

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