When Two Organizations Pool Resources, Know-How, Rewards, and Risk in Order

question 3

Multiple Choice

When two organizations pool resources, know-how, rewards, and risk in order to produce and market a product, they are

• A)forming a coalition.
• B)forming a strategic alliance.
• C)forming a business-to-business network.
• D)outsourcing.
• E)forming a boundaryless organization.

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Definitions:

Demand For Labor

The total amount of labor that employers want to hire at various wage rates, contingent on factors such as technology, the price of the goods being produced, and the availability of other inputs.

Reduced Wage

A wage that is decreased from a previous level, often due to economic pressures or changes in job responsibilities.

Income Effect

The alteration in a person's or economic system's earnings and the effect of this alteration on the demand for a particular product or service.

Wage Decrease

A reduction in the hourly or salaried compensation paid to workers.