One Reason to Use a Strategic Alliance in a Fast-Cycle

question 106

Multiple Choice

One reason to use a strategic alliance in a fast-cycle market is to:

• A) maintain market stability.
• B) share risky R&D expenses.
• C) gain access to complementary resources.
• D) overcome trade barriers.

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Definitions:

Ontario Ltd.

A term used to designate a limited company in the province of Ontario, Canada, often seen in business names.

Joint Venture

Involves the joining together of parts of companies to accomplish specific, limited objectives. Joint ventures are controlled by the combined management of the two (or more) parent companies.

Independent Companies

Firms that operate independently without being owned or controlled by another entity or conglomerate.

Specific Objective

A clearly defined and measurable goal that an organization or individual aims to achieve.