Elegance Inc. is a large cosmetics c

单选题 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

A、 break-even analysis.

B、 partial joint venture.

C、 credible commitment.

D、 real-options perspective.

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