Alliances Are Also Known as ________

question 59

Multiple Choice

Alliances are also known as ________.

• A)competitive strategies
• B)cooperative strategies
• C)relational strategies
• D)virtual strategies

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of consumers increases, opposite to a normal good.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.

Income

Payments received, on an ongoing basis, as a result of employment or investment yields.

Normal Good

A good for which demand increases as consumer income rises, and decreases as consumer income falls.