A _____ allows two or more firms to share the fixed costs (and associated risks)of developing new products or processes.

Question

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A strategic alliance is a type of cooperative arrangement in which two or more firms work together to achieve a common goal or to share resources and capabilities. The purpose of a strategic alliance is usually to develop new products or processes, explore new markets or geographical areas, or reduce costs by sharing fixed costs (such as research and development costs).

A _____ Allows Two or More Firms to Share the Fixed