Strategic Alliances Can Create Economic Value Through Helping Firms Improve

question 1

Multiple Choice

Strategic alliances can create economic value through helping firms improve their current operations by

• A) facilitating the development of technology standards.
• B) facilitating tacit collusion.
• C) exploiting economies of scale.
• D) managing uncertainty.

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Definitions:

Hobbes

A philosopher known for his social contract theory, suggesting that humans agree to surrender some freedoms for societal order.

Metaphysical Stage

A concept in sociology and philosophy, referring to a stage of societal development where explanations for reality are based on abstract, philosophical reasoning rather than religious or supernatural beliefs.

Theological Stage

AUGUSTE Comte's term for the earliest stage of human society, in which explanation of the world relies on religious and supernatural beliefs.

Positive Stage

In the context of philosophical and social development theories, particularly those of Auguste Comte, it refers to the final stage of societal evolution in which scientific methods and empirical data are used to understand societal issues.