When Two Organizations Pool Resources, Know-How, Rewards, and Risk in Order

question 7

Multiple Choice

When two organizations pool resources, know-how, rewards, and risk in order to produce and market a product, they are

• A)establishing a coalition.
• B)forming a strategic alliance.
• C)engineering a business-to-business network.
• D)outsourcing resources.
• E)creating a boundaryless organization.

---

Definitions:

Midpoint Formula

A method for calculating the elasticity of demand or supply by using the average percentage change in both quantity and price.

Price Elasticity

This measures how sensitive the quantity demanded of a good or service is to a change in its price.

Midpoint Formula

A mathematical formula used to calculate the average or midpoint between two values.

Elastic Portion

A range in the demand or supply curve where a small change in price leads to a large change in the quantity demanded or supplied.