Which Term Refers to Relatively Enduring Resource Transactions, Flows, and Linkages

question 11

Multiple Choice

Which term refers to relatively enduring resource transactions, flows, and linkages that occur among two or more organizations?

• A) intranet
• B) interorganizational relationships
• C) resource dependence
• D) institutional environment

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Definitions:

Patents

Legal documents granted by the government that give an inventor exclusive rights to make, use, or sell an invention for a certain period of time.

Imitation

The act of copying or mimicking the strategies, products, or processes of individuals or enterprises, often seen as a way to gain a competitive advantage or innovate.

Fast-Second Strategy

A business approach where companies wait to see which innovations prove viable and then quickly follow with improvements and cost reductions.

Collusion

A situation in which firms act together and in agreement (collude) to fix prices, divide a market, or otherwise restrict competition.