A ________ VMS consists of independent firms at different levels of production and distribution who join through formal agreements to obtain more economies or sales impact than each could achieve alone.A.corporate.B.contingencyC.contractualD.communal

_______________ 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.Question 7Select one:a.Takeoversb.Strategic licensingc.Strategic alliancesd.Greenfield investments

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

A voluntary arrangement between firms to share knowledge, resources, and capabilities to develop products, processes, or services is known as a Blank______.Multiple choice question.strategic alliancewholly owned subsidiaryhostile takeovermerger