Question

a __ is a strategic alliance in which two or more firms create a legally independent company to share some of their resources and capabilities to develop a competitive advantage These are often formed to improve firms' abilities to compete in uncertain competitive environments. They form long-term relationships and transfer tacit knowledge (knowledge learned through experiences).

Answer 1

Answer: Joint venture

Explanation:

A joint venture is a strategic partnership formed between two or more companies, where each company maintains it's individual identity, while information and resources are shared in order to create a product or complete a project. The ownership of the venture is shared by all member companies.