Strategic Alliances and Networks Quiz
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Questions and Answers

What is the definition of a strategic alliance?

  • An agreement between a parent company and its subsidiary to share resources
  • An exclusive partnership between two organizations for a specific project
  • A cooperative effort between two or more independent organizations to develop, manufacture, or sell products or services (correct)
  • A joint venture between two competitors to eliminate market competition
  • What is an example of a successful strategic alliance mentioned in the text?

  • A strategic alliance between a company and its supplier
  • An exclusive partnership between a software company and a hardware company
  • The European Airbus strategic alliance (correct)
  • A joint venture between two pharmaceutical companies
  • What is the primary purpose of a strategic alliance?

  • To acquire smaller companies and expand market share
  • To eliminate competition in the market
  • To gain controlling interest in partner organizations
  • To share knowledge or resources for mutual benefit (correct)
  • What does vertical integration refer to in the context of strategic management?

    <p>The expansion of a firm into different steps along the production path</p> Signup and view all the answers

    In what way does a strategic alliance differ from vertical integration?

    <p>Strategic alliances involve cooperation between independent organizations, while vertical integration involves expanding within the production path</p> Signup and view all the answers

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