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Explain the Strategic alliance
Two or more organisations agree to work and collaborate informally together however remaining independent from one another. Similar to a joint venture though a less formal agreement for example a contract as opposed to a separate JV entity being formed.' One World Alliance' and 'Star Alliance' are illustrations of strategic alliances in airline industry.
Describe the general pattern of cash flows from a bond with a positive coupon rate. Cash flows as of a bond with a positive coupon rate consist of periodic interest payments an
how do legal consideration affect a firms credit policy
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