Which Type of Strategic Alliance Is Best at Passing Tacit

question 62

Multiple Choice

Which type of strategic alliance is best at passing tacit knowledge between firms?

• A) Primary cooperative strategic alliances
• B) Joint ventures
• C) Equity strategic alliances
• D) Nonequity strategic alliances

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Definitions:

Toy Trains

Toy trains are scale models of trains intended for play or collecting, often part of a larger hobby involving detailed landscapes and elaborate track layouts.

Opportunity Cost

The value of the next best alternative forgone as a result of making a decision, reflecting the trade-offs of choosing one option over another.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, underpinning international trade.

Specialization

The practice of focusing on and becoming expert in a particular subject or skill, in economics, it refers to individuals or firms concentrating on the production of limited kinds of goods or services.