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Discuss to what extent acquisitions can be a substitute for alliances and identify four conditions under which alliances will be preferred to acquisitions.
Legal Principles
Fundamental norms, rules, or doctrines that guide the practice of law and ensure fairness and justice in legal processes.
Stare Decisis
A legal doctrine that obligates courts to follow historical cases when making a ruling on a similar case.
Efficiency
The degree to which an entity effectively uses resources to achieve desired outcomes with minimal waste or effort.
Consistency
The quality of being uniform, coherent, and stable in behavior or performance over time.
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