Identify a True Statement About Strategic Partnerships

question 34

Multiple Choice

Identify a true statement about strategic partnerships.

• A) Both the buyers and the sellers in strategic partnerships pursue their own self-interests.
• B) Members of strategic partnerships have a high level of dependence on and trust in each other.
• C) Strategic partnerships typically have a shorter time horizon than functional relationships.
• D) Strategic partnerships have lower levels of risks than functional relationships.
• E) In this partnership,buyers and sellers are not locked into a continuing relationship;thus,buyers can switch from one supplier to another to make the best possible deal.

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Definitions:

Generations

Groups of individuals, most often in a society, born and living about the same time, sharing similar cultural experiences or historical events.

Homo Sapiens

The scientific name for modern humans, the only extant species of the genus Homo.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Earth

The third planet from the Sun, unique among the planets in the Solar System for hosting life, with a vast diversity of ecosystems and geological features.