In a(n) __________, two or more firms create a legally independent company to share some of their resources to create a competitive advantage.
A) equality-based strategic alliance
B) nonequity strategic alliance
C) joint venture
D) equity strategic alliance

Question

Quizplus · Accepted Answer

A joint venture involves two or more firms creating a legally independent company to share resources and achieve a competitive advantage.

In A(n) __________, Two or More Firms Create a Legally