The collaboration between volvo aero (a subsidiary of sweden's ab volvo) and u. s.-based pratt & whitney to produce a new jet engine would be characterized as a(n):

Cross- Border strategic alliance

Explanation:

Cross Border strategic alliance which is also known as International Joint Venture. When the businesses which are based in two or more countries partner together. It helps mitigate the risk which comes with the acquisition of the business. International Joint Ventures help companies to form alliances to get an advantage in the competition by accessing the partner's market, technology, and capital. Knowledge and technology transfer also happens from the international company to the local companies, it helps to improve the performance.

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