_______________ is when two or more firms create a legally independent company where they can share their resources to create a competitive advantage.Select one:a.Equity strategic allianceb.Mergersc.Joint ventured.Nonequity strategic alliance

__________ is where two or more firms develop a contractual relationship to share some of their resources to come up with a competitive advantage.Select one:a.Joint ventureb.Integration alliancec.Nonequity strategic allianced.Equity strategic allianceClear my choice

________ refer to cooperative agreements between potential or actual competitors. Select one: a. Takeovers b. Greenfield investments c. Strategic licensing d. Strategic alliances

__________ allows firms to share the fixed costs of developing new products or processes.Joint ventureLicensingStrategic alliance

This type of strategic alliance is less formal, which means it does not foster intimate relationship between partner firms.Select one:a.Equity strategic allianceb.Joint venturec.Nonequity strategic allianced.Integration alliance

A ______________ strategic alliance is a strategy wherein businesses headquartered in different locations or countries decide to merge parts of their resources in order to develop a competitive advantage.Select one:a.Regionalb.Internationalc.Multinationald.Cross-border