Ais best described as a voluntary arrangement between firms that involves the sharing of knowledge, resources, and capabilities with the intent of developing processes, products, or services.

  Strategic alliance.

Explanation:

  It is a decision by which two companies decide to share resources to accomplish a mutual project. It is attractive to them because it allows the firms to achieve goals faster and at a lower cost. Nevertheless, the companies still as two different firms and maintain their autonomy from each other, unlike in a joint venture.

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Strategic Alliances

Explanation:

Strategic alliances developed and propagated as  formalized inter organizational relationships, particularly among companies in international business  systems.                                                                                              These cooperative arrangements seek to  achieve organizational objectives better through collaboration than through competition.