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:

Civil Rights Act

Landmark legislation in the United States passed in 1964 that outlawed discrimination based on race, color, religion, sex, or national origin.

Remedies Available

Legal means through which a party can enforce a right or redress a wrong, including damages, injunctions, and specific performance.

Equal Pay Act

A U.S. law enacted in 1963 aimed at abolishing wage disparity based on sex.

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Compensation amounts not specified in a contract, to be determined in case of a breach according to the actual harm suffered.