When Do Firms Tend to Opt for Equity Alliances

Multiple Choice

When do firms tend to opt for equity alliances?

A) When it is easy to specify what each party is supposed to do in the relationship
B) When it is easy to specify the rewards that should come from meeting one's obligations in the alliance
C) When an alliance requires less interdependence among the firms involved
D) When an alliance requires the joint creation of new resources and capabilities by the partners