. irontier b. Strategy map c. Portfolio approach d. Efficiency guide e, Resource map is a formal agreement between two or more separate companies in which they agree to work cooperatively toward some common objectives. a. Merger c. Strategic alliance e. Visionary partnership b. Joint venture d. Letter of intent is a partnership involving the establishment of an independent corporate entity that the partners own and control together, sharing in its revenues and earnings. a. Merger c. Strategic alliance e. Visionary partnership b. Joint venture d. Letter of intent resources and capabilities have very specific applications, which limits their use to a narrow range of industry and business types, a. Corporate c. Generalized e. Specialized b. Differentiated d. Business-level Diversification ought to be considered when A. a company's profits are being squeezed and it needs to increase its net profit margins and return on investment. B. a company lacks sustainable competitive advantage in its present business. C. a company begins to encounter diminishing growth prospects in its mainstay business