A Strategic Alliance

question 79

Multiple Choice

A strategic alliance

• A) is a collaborative arrangement where 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 merger.

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Definitions:

Normal Distribution

A distribution of probabilities that is even around the average, indicating that occurrences close to the mean happen more often.

Sample

A subset of the population.

Test Statistic

A metric derived from data in a sample during a hypothesis testing process, employed to decide if the null hypothesis should be discarded.

Proportions

Ratios indicating the fractional part of a whole that have specific characteristics.