WPC 480 Chapter 9 UPDATED ACTUAL
Questions and CORRECT Answers
strategic alliance - CORRECT ANSWER - is a cooperative strategy in
which firms combine some of their resources to
create a competitive advantage.
cooperative strategy - CORRECT ANSWER - is a means by which
firms collaborate to achieve a shared objective
joint venture - CORRECT ANSWER - is a strategic alliance in which
two or more firms create a legally independent
company to share some of their resources to
create a competitive advantage.
equity strategic alliance - CORRECT ANSWER - is an alliance in
which two or more firms own different
percentages of the company they have formed
by combining some of their resources to create
a competitive advantage.
nonequity strategic alliance - CORRECT ANSWER - is an alliance in
which two or more firms develop a contractual
relationship to share some of their resources to
create a competitive advantage.
Complementary strategic alliances - CORRECT ANSWER - are
business-level alliances in which firms share
, some of their resources in complementary ways
to create a competitive advantage.
business-level cooperative strategy - CORRECT ANSWER - is a
strategy through which firms combine some of
their resources to create a competitive
advantage by competing in one or more product
markets.
corporate-level cooperative strategy - CORRECT ANSWER - is a
strategy through which a firm collaborates with
one or more companies to expand its
operations.
synergistic strategic alliance - CORRECT ANSWER - is a strategy in
which firms share some of their resources to
create economies of scope.
diversifying strategic alliance - CORRECT ANSWER - is a strategy
in which firms share some of their resources to
engage in product and/or geographic
diversification.
cross-border strategic alliance - CORRECT ANSWER - is a strategy
in which firms with headquarters in different
countries decide to combine some of their
resources to create a competitive advantage.
Questions and CORRECT Answers
strategic alliance - CORRECT ANSWER - is a cooperative strategy in
which firms combine some of their resources to
create a competitive advantage.
cooperative strategy - CORRECT ANSWER - is a means by which
firms collaborate to achieve a shared objective
joint venture - CORRECT ANSWER - is a strategic alliance in which
two or more firms create a legally independent
company to share some of their resources to
create a competitive advantage.
equity strategic alliance - CORRECT ANSWER - is an alliance in
which two or more firms own different
percentages of the company they have formed
by combining some of their resources to create
a competitive advantage.
nonequity strategic alliance - CORRECT ANSWER - is an alliance in
which two or more firms develop a contractual
relationship to share some of their resources to
create a competitive advantage.
Complementary strategic alliances - CORRECT ANSWER - are
business-level alliances in which firms share
, some of their resources in complementary ways
to create a competitive advantage.
business-level cooperative strategy - CORRECT ANSWER - is a
strategy through which firms combine some of
their resources to create a competitive
advantage by competing in one or more product
markets.
corporate-level cooperative strategy - CORRECT ANSWER - is a
strategy through which a firm collaborates with
one or more companies to expand its
operations.
synergistic strategic alliance - CORRECT ANSWER - is a strategy in
which firms share some of their resources to
create economies of scope.
diversifying strategic alliance - CORRECT ANSWER - is a strategy
in which firms share some of their resources to
engage in product and/or geographic
diversification.
cross-border strategic alliance - CORRECT ANSWER - is a strategy
in which firms with headquarters in different
countries decide to combine some of their
resources to create a competitive advantage.
