What Are Strategic Alliances? What Are the Reasons That Firms

question 12

Essay

What are strategic alliances? What are the reasons that firms seek alliances? What role do alliances play in globalization?

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the expected (or standard) cost.

March

The third month of the year in the Gregorian calendar.

Standard Amount

A predetermined benchmark for expenses, revenues, or units produced, used for budgeting and measuring performance.

Actual Output

The quantity of finished goods or services produced by a company over a specific period.