Question

Strategic alliances are voluntary arrangements between firms that involve the sharing of knowledge, resources, and capabilities with the intent of developing processes, products, or services.a. trueb. false

Answer 1

Answer: A) True

Explanation: Strategic alliances are voluntary arrangements between two or more firms, organizations or companies (parties) to join forces together and achieve a set goal which is beneficial to both of them while each party still retains it's Independence. This alliance might involve them sharing knowledge, resources or capabilities to be able to achieve their set goal (target).