In a(an) ____, two or more firms create a legally independent company to share some of their resources and capabilities to develop a competitive advantage.
A) equality-based strategic alliance
B) non-equity strategic alliance
C) joint venture
D) equity strategic alliance

Question

Quizplus · Accepted Answer

In a joint venture, two or more firms create a legally independent company to share resources and capabilities to develop a competitive advantage. The other options - equity strategic alliance, non-equity strategic alliance, and equality-based strategic alliance - do not involve the creation of a separate legal entity.

In A(an) ____, Two or More Firms Create a Legally