In a(n)
,two or more firms create a legally independent company to share some of their resources and
Capabilities to develop a competitive advantage.

Question

Quizplus · Accepted Answer

Joint venture is the only option in which two or more firms create a legally independent company to share their resources and capabilities. In equity strategic alliance, firms only share ownership interests, whereas in non-equity strategic alliance, firms do not create a separate legal entity. Equality-based strategic alliance is not a commonly used term in business alliances.

In A(n) ,Two or More Firms Create a Legally Independent Company to Company