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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).

Respuesta :

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.

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