The Strategic Alliance Between the Center for Systems Management and Technovative

question 84

Multiple Choice

The strategic alliance between The Center for Systems Management and Technovative Marketing is an example of how:

• A)success can be obtained when a large and a small firm combine technological expertise.
• B)difficulties of two cultures can be overcome when a common goal is desired.
• C)an alliance was formed due to a third party bringing two companies together.
• D)the flexibility of a small company can be combined with the financial backing of a larger firm.

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Definitions:

Monopoly Power

is the ability of a single company or entity to control a significant portion of the market for a particular product or service, limiting competition.

Antitrust Laws

Regulations designed to protect trade and commerce from unfair practices, such as monopolies and cartels.

Cartel

An association of independent businesses organized to control production, pricing, and marketing of goods to minimize competition.

U.S. Antitrust Laws

Laws enacted by the U.S. to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy.