BUSA 4980 EXAM 2 UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
Question:
1. cooperative strategy
Answer:
is a means by which firms collaborate to achieve a shared objective.
Question:
2. Strategic alliance
Answer:
is a cooperative strategy in which firms combine some of their resources to create
a competitive advantage
Question:
3. Joint venture
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
Question:
4. Equity strategic alliance
Answer:
is an alliance in which two or more firms on different percentages of a company
that they have form to by combining some of their resources to create a
competitive advantage
Question:
5. Non-equity strategic alliance
Answer:
is an alliance in which two or more firms develop a contract, Shewell relationship
to share some of the resources to create a competitive advantage.
Question:
6. Business level cooperative strategy
Answer:
is a strategy through which firms combined some of their resources to create a
Competitive advantage by competing in one or more product markets.
, Question:
7. Complementary strategic alliance
Answer:
our business level alliances, in which firms share some of the resources and
complementary ways to create a competitive advantage.
Question:
8. Diversifying strategic alliance
Answer:
is a strategy in which firms share some of their resources to engage in a product
and or geographic diversification
Question:
9. Synergetic strategic alliance
Answer:
is a strategy in which firms share some of the resources, to create economies of
scope.
Question:
10. Franchising
Answer:
is a strategy in which a firm (franchisor) uses a franchise as a contract, Shewell
relationship to describe and control sharing of its resources with its partners, (the
franchisees)
Question:
11. Cross-border strategic alliance
Answer:
is a strategy in which firms with headquarters in different countries, decide to
combine some of their resources to create a competitive advantage.
Question:
12. A network cooperative strategy
Answer:
is a strategy by which several firms agree to for multiple partnerships to achieve
shared objectives.
AND CORRECT ANSWERS
Question:
1. cooperative strategy
Answer:
is a means by which firms collaborate to achieve a shared objective.
Question:
2. Strategic alliance
Answer:
is a cooperative strategy in which firms combine some of their resources to create
a competitive advantage
Question:
3. Joint venture
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
Question:
4. Equity strategic alliance
Answer:
is an alliance in which two or more firms on different percentages of a company
that they have form to by combining some of their resources to create a
competitive advantage
Question:
5. Non-equity strategic alliance
Answer:
is an alliance in which two or more firms develop a contract, Shewell relationship
to share some of the resources to create a competitive advantage.
Question:
6. Business level cooperative strategy
Answer:
is a strategy through which firms combined some of their resources to create a
Competitive advantage by competing in one or more product markets.
, Question:
7. Complementary strategic alliance
Answer:
our business level alliances, in which firms share some of the resources and
complementary ways to create a competitive advantage.
Question:
8. Diversifying strategic alliance
Answer:
is a strategy in which firms share some of their resources to engage in a product
and or geographic diversification
Question:
9. Synergetic strategic alliance
Answer:
is a strategy in which firms share some of the resources, to create economies of
scope.
Question:
10. Franchising
Answer:
is a strategy in which a firm (franchisor) uses a franchise as a contract, Shewell
relationship to describe and control sharing of its resources with its partners, (the
franchisees)
Question:
11. Cross-border strategic alliance
Answer:
is a strategy in which firms with headquarters in different countries, decide to
combine some of their resources to create a competitive advantage.
Question:
12. A network cooperative strategy
Answer:
is a strategy by which several firms agree to for multiple partnerships to achieve
shared objectives.
