Which of the Following Is True About Strategic Alliance

question 70

Multiple Choice

Which of the following is true about strategic alliance?

• A) It is an agreement that considers the choice between making money or controlling and running a business.
• B) It is a business relationship based on cooperation out of mutual need, and there is shared risk in achieving a common objective.
• C) It is the transference of leadership from one generation to the next to ensure continuity of family ownership of the business.
• D) It is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide.
• E) It is insurance that protects a business in the event of a natural disaster that affects the ability of a company to conduct business.

---

Definitions:

Anticipate The Future

The act or strategy of making decisions or preparations based on forecasts or predictions about future conditions or needs.

Creative Destruction

Creative destruction is an economic theory proposed by Joseph Schumpeter, describing the process through which old economic structures are destroyed and replaced by new, more efficient ones.

Cassette Tapes

A medium used for recording sound, particularly music, now largely obsolete, replaced by digital storage formats.

MP3 Technology

A digital audio coding format used for compressing music files and audio data, enabling efficient storage and transmission while preserving sound quality.