A Strategic Alliance

question 66

Multiple Choice

A strategic alliance

• A)is a collaborative arrangement in which companies join forces to defeat mutual competitive rivals.
• B)involves two or more companies joining forces to pursue vertical integration.
• C)is a formal agreement between two or more companies in which there is strategically relevant collaboration of some sort,joint contribution of resources,shared risk,shared control,and mutual dependence.
• D)is a partnership between two companies that is typically intended to eliminate the need to engage in outsourcing.
• E)is usually a cheaper and more effective way for companies to join forces than is a merger.

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Definitions:

Self-determination

A psychological concept suggesting that individuals have innate needs for autonomy, competence, and relatedness, which when fulfilled, can lead to enhanced motivation and wellbeing.

Core Virtues

Fundamental qualities or values considered essential to leading a moral and fulfilled life, such as honesty, courage, and compassion.

Honesty

The quality of being truthful, fair, and free from deceit or fraud in actions, speech, and intentions.

Personal Agency

The capability of individuals to make choices and to act on these choices in a way that affects their own lives and the world around them.