When Two or More Companies Work Together to Alter Their

question 114

Multiple Choice

When two or more companies work together to alter their current environment, they are using

• A) Monopolistic strategies.
• B) Strategic maneuvering.
• C) Cooperative strategies.
• D) Dependent strategies.
• E) Codependent strategies.

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Definitions:

Environmental Scanning

The process of systematically gathering, analyzing, and using information from the external environment for strategic planning.

Demographics

Statistical data relating to the population and particular groups within it, such as age, gender, income level, and education.

Internal Environment

The conditions, entities, events, and factors within an organization that influence its activities and choices.

Mission, Vision

The fundamental objectives and aspirational goals set by an organization to guide its strategic direction and decision making.