Several of the World's Largest Telecommunication Equipment Makers, Including Ericsson

question 84

Multiple Choice

Several of the world's largest telecommunication equipment makers, including Ericsson (Sweden) , Nortel (Canada) , Siemens (Germany) , and 3Com (USA) , formed Juniper Networks, Inc., to build devices to speed global Internet communications.
Each of these firms should benefit from their:

• A)co-branding strategy.
• B)international competition.
• C)strategic alliance.
• D)tactical relationship.

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Definitions:

Rent Controls

Government-imposed limits on the amount landlords can charge for leasing properties, aimed at making housing more affordable.

Inefficiently Low Quality

A form of inefficiency in which sellers offer low-quality goods at a low price even though buyers would prefer a higher quality at a higher price; often a result of a price ceiling.

Allocation

The process of distributing resources or goods among different uses, users, or parties in a way that optimally meets criteria or objectives.

Mandated Price

A price set by government regulation or law, rather than determined by market forces of supply and demand.