As a Form of Business-Level Cooperative Strategy,____ Alliances Are More

question 9

Multiple Choice

As a form of business-level cooperative strategy,____ alliances are more likely to create a sustainable competitive advantage and earn above-average returns.

• A) complementary
• B) uncertainty reduction
• C) competition reduction
• D) franchising

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Definitions:

Strategic Plans

Long-term organizational goals and the strategies to achieve them, typically involving an analysis of internal and external factors impacting the organization.

Organizational Objectives

Organizational objectives are the specific, measurable goals set by a company or organization to guide its operations towards its strategic vision.

Marketplace Needs

The demands or requirements of consumers in a specific market, which businesses aim to satisfy through their products or services.

Strategic Planning

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.