Entering into Strategic Alliances and Collaborative Partnerships Can Be Competitively

question 17

Multiple Choice

Entering into strategic alliances and collaborative partnerships can be competitively valuable because

• A)working closely with outsiders is essential in developing new technologies and new products in virtually every industry.
• B)cooperative arrangements with other companies are very helpful in racing against rivals to build a strong global presence and/or racing to seize opportunities on the frontiers of advancing technology.
• C)they represent highly effective ways to achieve low-cost leadership and capture first-mover advantages.
• D)they are a powerful way for companies to build loyalty and goodwill among customers with diverse needs and expectations.
• E)they are quite effective in helping a company transfer the risks of threatening external developments to other companies.

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Definitions:

RNA Polymerase

An enzyme that synthesizes RNA from a DNA template during the process of transcription.

Transcription

The process by which the DNA sequence in a gene is copied into messenger RNA (mRNA).

DNA Polymerase

Enzyme that carries out DNA replication. Uses a DNA template to assemble a complementary strand of DNA.

Ligase

An enzyme that facilitates the joining of two molecules by forming a new chemical bond, often with the consumption of ATP.