verified answers already passed
internal development, acquisitions and cooperation - correct answer ✔✔three means to grow
and improve
collaborative advantage - correct answer ✔✔competitive advantage through a cooperative
strategy
joint venture - correct answer ✔✔two or more firms create a legally independent company to
share some of their resources and capabilities to develop a competitive advantage
equity strategic alliance - correct answer ✔✔two or more firms own different percentages of
the company they have formed by combining some of their resources and capabilities
non-equity - correct answer ✔✔two or more firms develop a contractual relationship to share
some of their resources and capabilities, here firms do not establish a separate independent
company, therefore no equity positions
slow cycle market - correct answer ✔✔to establish a franchise and gain access to restricted
market
fast cycle market - correct answer ✔✔-to accelerate development of new products
-speed up new market entry
-maintain market leadership
-share risky r&d