A __________ represents a long-term partnership between two or more companies established to help each firm build competitive market advantages, without sharing the cost of risk.

Respuesta :

Answer: strategic alliance

Explanation:

Answer:

The answer is a strategic alliance.

Explanation:

Strategic alliance refers to an agreement that is made concerning two or  more parties to accomplish some agreed objectives while they are independent organizations.

Two companies usually establish a strategic alliance when each of them has some businesses or when they have expertise that could help the other to improve their businesses. When two organizations join together to achieve benefits between them this is called strategic alliances.