Business, 28.11.2019 23:31, fvmousdiana
Elegance inc. is a large cosmetics company that made an initial small investment in a start-up company, peace planet, which was developing an organic face lotion. this gave elegance controlling interests in the start-up company. however, peace planet soon began to have financial difficulties because of principal-agent problems. as a result, elegance did not invest in the next stage of development and pulled out of the company. this approach to strategic alliance is referred to as a:
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