Test 2 stg mgt
Which of the following is a structured approach to analysis of competitor interaction that yields predictions about which strategic actions are most likely to be chosen by rivals? A) Competitor response profile B) Game Theory C) Dominant strategy D) Tit-for-tat Strategy
B) Game Theory
How does Starbucks protect and neutralize its vulnerabilities? A) By increasing the price of its products B) By lowering the price of its products C) By offering a variety of products, convenience , and brand recognition D) By opening more locations
C) By offering a variety of products, convenience , and brand recognition
The line of sight principle recognizes that grand strategies don't just happen , they come to fruition only as individual managers and employees make decisions about how to allocate the valuable resources they control . True False
True
The only true way to protect against misrepresentation is to partner with trustworthy individuals. True False
True
To institutionalize something is to make it so essential that it is taken for granted and becomes part of the central values of the culture. True False
True
Strategy implementation depends only on the ability to execute. True False
false
Alignment means that parts are properly positioned in relationship to each other. True False
true
Companies that are in your industry but not in your strategic group are not direct competitors. True False
true
Switching from one strategic group to another is usually difficult. True False
true
___is when companies in the same industry find the innovation so unsettling that they can no longer do business as usual. A) Incremental innovation B) Disruptive innovation C)Radical innovation D) Hypercompetition
B) Disruptive innovation
Which of the following is a condition where organizational elements fit together and reinforce each other? A) Alignment B) System C) Strategy D) Structure
A) Alignment
Which of the following is not an example of a company that uses / has used the strategy of Low End Disruptive Innovation? A) Amazon B) Apple C)Nucor D)Skype
A) Amazon
A strategy for "sustaining competitive advantage includes A) Create or preempt rare resources B) Monitoring and mimicking rival behaviour C) Implementing an exit strategy D) Introducing new products frequently
A) Create or preempt rare resources
Deluxe Taxi is a local cab service. They built up a loyal following over many yearsLately Uber and Lyft have become popular and now the taxi service is seeing a decrease in business. Deluxe Taxi is in which stage of the product/business lifecycle? A) Decline stage B) Maturity stage C) Introduction stage D) Growth stage
A) Decline stage
Which of the following is not one of the innovative strategies presented in the animation? A) Differentiation B)High-End Disruption C)Mass Customization D)Blue Ocean Strategy
A) Differentiation
Which of the following statements is true about how an arm's-length relationship is used in strategic alliance? A) Firms use the arm's-length relationship to purchase inputs at the lowest price. B) Firms typically use the arm's-length lationship between internal departments . C) Firms cannot buy inputs from multiple sources using the arm's -length relationship . D)Firms that use the arm's-length relationship acquire the production facilities of other firms.
A) Firms use the arm's-length relationship to purchase inputs at the lowest price.
represents a set of moves in a game that simultaneously maximize each firm's payoff given the choices of rivals and from which no player has an incentive to defect. A) Nash equilibrium B) Competitor landscape C)Game theory D)Dominant strategy
A) Nash equilibrium
Which of the following helps managers create measurement systems to overcome the limited perspectives of individual organizational members? A) Principle of Line of Sight B) Superordinate goals C) Change processes D) Balanced Scorecard
A) Principle of Line of Sight
Timber Inc. enters an exclusive partnership to ally with Teal Corp. in order to enter a foreign market. Which of the following statements is likely to be true in this case? A) Timber is likely to acquire an activity or input from Teal to create a new value. B)Timber is likely to send a bid to Teal along with other suppliers for the lowest price. C)Timber is likely to buy an activity from Teal using an arm's-length relationship. D)Timber and Teal are unlikely to receive inputs or activity from each other.
A) Timber is likely to acquire an activity or input from Teal to create a new value.
Zara, a research analyst , is studying the business decisions of some restaurant owners . During the data analysis stage, she employs a strategic canvas . Which of the following is likely to be her primary reason to employ this tool? A) To study the differences in the ways the restaurants compete with each other B) To identify the combined target audience of strategic groups as a whole C) To observe the similarities in the employees ' views of their respective organizations D) To understand the pricing strategy used for different dishes within each restaurant
A) To study the differences in the ways the restaurants compete with each other
entails moving away from certain actions, policies, or strategies before adopting anything new. A) Unfreezing B) Freezing C) Refreezing D) Changing
A) Unfreezing
Which of the following is one of the three criteria of an innovation presented in the animation? A) Useful B) Scalable C)Inimitable D) Disruptive
A) Useful
A involves mechanisms, policies, or processes that coordinate and control the work of the different units of the organization A) system B) strategy C) style D) structure
A) system
Jackson Inc., a manufacturer of high-end bikes, creates a new set of plans to improve the production rate. In the process , it realizes that it is not clear which new behaviors will work Hence, Jackson decides to adopt a trial-and -error method to determine the best course of action. Which of the following phases of organizational change is exemplified in this case? A)Changing B) Unfreezing C)Hard triangle D) Refreezing
A)Changing
Which one of the following types of inputs or activities does NOT qualify as a "strategic input that merits forming an alliance relationship? A)High value inputs or activities that comprise a low percentage of your total costs B)Inputs that can differentiate your product in the minds of customers C)Inputs or activities that require significant coordination in order to achieve the desired fit , quality, or performance D)Inputs that influence your brand or reputation
A)High value inputs or activities that comprise a low percentage of your total costs
Stylink Inc. and Plateus Inc. formed an alliance to create and own a legally independent companyHowever, Stylink tried to exploit the alliance-specific investments made by Plateus. Which of the following is being exemplified in this case? A)Hold-up B) Misrepresentation C)Bondage D)Battery
A)Hold-up
Which of the following is NOT one of the 4 broad areas of organizational performance that a Balanced Score Card measures ? A)Interdivisional collaboration B)Internal business processes C) Financial results D)Customer goals
A)Interdivisional collaboration
The logic behind how the company is trying to deliver unique value to customers is defined as dominant logic . A)Primary B) Innovative C) Secondary D)Institutional
A)Primary
What classification of strategy best describes the strategy deployed by Netflix to take on Blockbuster? A) Incremental B) Disruptive C)Differentiation D)Low End
B) Disruptive
What is the Pareto Principle? A) 20% of the effects come from 80% of the causes B) 80% of the effects come from 20% of the causes C) 60% of the effects come from 40% of the causes D) 50% of the effects come from 50% of the causes
B) 80% of the effects come from 20% of the causes
Marcel, the owner and president of a three-star hotel, believes that only competitors within the same strategic group need to be analyzed. Nina, the chief of client services, believes that other groups must also be considered in order to stay ahead of competition . Which of the following situations strengthens Nina's argument ? A) The customers of Marcel's hotel are class conscious and do not prefer routine services available elsewhere. B) A new café on the same lane as Marcel's hotel is being frequented by business people. C) A grocery store close to Marcel's hotel has all the ingredients required for her restaurant. D) The hotel owned by Marcel enjoys monopoly as it is located in a suburb with few similar service providers .
B) A new café on the same lane as Marcel's hotel is being frequented by business people.
Lucy, a researcher, wants to identify the main differences in different healthcare firms competing to deliver value. She studies the relative price, product line breadth, and geographic placement to identify the differences. Which of the following is Lucy likely to rely on to identify how the firms compete? A) An employee survey B) A strategic group map C) A workflow analysis D) A quality control measure
B) A strategic group map
Walker and Harris are senior research fellows at a global non-profit organization. They are working on a project that studies the growth trend of a multinational corporation, Garcia Inc. When Walker and Harris decide to consolidate their study findings, Walker is of the opinion that Garcia is in the 'change process' phase, while Harris believes that the company is in the refreeze" phase. Which of the following statements , if true, would strengthen Harris' belief? A) Garcia Inc. adopts a trial -and-error method to decide on the best growth strategy . B) Garcia Inc. formalizes and institutionalizes its new growth strategies . C) Garcia Inc. decides to adapt to its environment and learn new growth-inducing behaviors . D) Garcia Inc. publicly admits that the current situation is not working.
B) Garcia Inc. formalizes and institutionalizes its new growth strategies
Which of the following statements is true about strategic alliances ? A) Strategic alliances exclude functions that are bought through bidding B) In strategic alliances , companies may choose to cooperate at any stage along the value chain . C)In strategic alliances , the power to make decisions is always evenly distributed amidst the firms . D) Strategic alliances usually lead to one of the firms losing their relational advantage .
B) In strategic alliances , companies may choose to cooperate at any stage along the value chain .
Which of the following statements is true of a firm that creates a radical innovation? A) It focuses on the established knowledge base of a firm to deliver value. B) It employs a fundamentally different business model than Its rivals C) It relies on existing technologies and resources to create a new product . D) It aims to sustain its current product offering and revenues .
B) It employs a fundamentally different business model than Its rivals
In the context of the 7 S model of organizational alignment, which of the following statements is true of staffing ? A) It helps create alignment between goals, skills, and environmental needs B) It includes recruitment , hiring, training , promotion , and compensation C) It represents the most important in the 7 model. D) It is the ability of an individual to perform tasks.
B) It includes recruitment , hiring, training , promotion , and compensation
Which of the following statements is true of shared values? A) represents the most important S in the 7 S model. B) It refers to the priorities and virtues that members of an organization see as important C) It includes recruitment , hiring , training , promotion , and compensation D) It helps create alignment between goals, skills, and environmental needs
B) It refers to the priorities and virtues that members of an organization see as important
The research and development department of a pharmaceutical company is in the process of developing a new drug to cure Parkinson's disease . It requires additional resources to complete the process . To convince another pharmaceutical company to provide the necessary resources, it gives false information about how long the drug has been in the developmental pipeline and the guidelines followed in the production process. Which of the following is being exemplified in this case ? A) Profit stealing B) Misrepresentation C) Bondage D) Hold -up
B) Misrepresentation
Which of the following is an example of "pooling similar resources" to create value in an alliance? A) A retail store teaming up with a designer to create a new line of clothing B) Oil companies creating joint ventures to share expertise and lower costs of exploration C) A supplier building a factory next door to its client to ease transactions D) A company and its supplier building a trustworthy relationship with fewer contracts
B) Oil companies creating joint ventures to share expertise and lower costs of exploration
Two firms that produce industrial machinery decide to form a strategic alliance. The objective of this collaboration is to combine their manufacturing facilities to achieve economies of scale during production. Which of the following is the primary value they aim to create through this alliance? A) Lowering distribution costs B) Pooling similar resources C) Creating product differentiation D) Combining unique skills
B) Pooling similar resources
Copper Inc., an existing clothing outlet, decides to shift from direct to online retailing. It offers the same products at a reduced price as it does not have to incur the costs to manage a store. In this case, which of the following patterns of innovative strategies has Copper adopted ? A) Creating low -end disruptive innovations to decrease competition B) Reconfiguring the value chain to eliminate activities C) Adding additional product features to increase the product life cycle D)Forming product differentiation strategies to increase value
B) Reconfiguring the value chain to eliminate activities
Which of the following terms represent a set of companies that compete in similar ways with similar business models pursuing similar sets of customers? A) Game theory B) Strategic group C)Competitor profile D) Market structure
B) Strategic group
Godwel Inc., an insurance companywants to assign accountability for tasks. It wants to measure the performance of every unit of the company. Which of the following organizationa elements will help Godwel accomplish the given task ? A) Strategy B) Structure C) Style D) Skill
B) Structure
Any factors that limit the ability of a company to move between strategic groups are called A) barriers to entry B) barriers to mobility C) strategic barriers D) game theories
B) barriers to mobility
In the_____of the product/business /industry life cycle , sales begin to accelerate as innovation gains traction and increased market acceptance . A)decline stage B) growth stage C)introduction stage D)maturity stage
B) growth stage
A company's are the resources and capabilities that deliver unique value. A) opportunities B) strengths C)weaknesses D)threats
B) strengths
The soft square in the 7 S model refers to elements that A) are difficult for people to understand B) take time to change C) have little effect on a firm's strategy D) are tangible elements managers can work on .
B) take time to change
A strategy that mimics the moves of rivals is a _____strategy A) Dominant B) tit-for-tat C) Game D) Canvas
B) tit-for-tat
Which of the following companies uses the strategy of "Eliminating a Step in the Value Chain"? A) Nordstrom B) Mercedes- Benz C) Amazon D) Wal-Mart
C) Amazon
Sepia Inc., a fertilizer company, needs permission to test its new products on plantations owned by an agro-based industry. In return, Sepia is willing to pay a percentage of revenue to the agro-based industry. In this case, which of the following contractual alliances should be adopted by Sepia ? A) A distribution agreement B)A licensing agreement C)An input agreement D) A supply agreement
B)A licensing agreement
Toyota's seat supplier built its factory next door to Toyota's main factory and built a conveyor built that transferred seats from the supplier into the Toyota factory. This is an example of: A) combining unique resources B)creating alliance-specific resources C) pooling similar resources D) making the best out of their situation
B)Creating alliance specific resources
Which stage of the product/business/industry life cycle involves an increase in competitive rivalry and late majority buyers? A) Introduction stage B)Maturity stage C) Growth stage D) Decline stage
B)Maturity stage
Zeal Inc., a software firm, decides to enter the publishing industry. While it has the financial resources required to enter the new market, it lacks the expertise and technical knowledge required to establish itself in the new industry. So, Zeal Inc. enters into strategic alliance with Chrome Corp., a leading e-publisher. Which of the following is likely to be true in this case? A)Chrome is likely to lose its relational advantage through this alliance. B)Zeal and Chrome are likely to cooperate even at the stage of research and development. C)Zeal's vision is likely to contradict that of Chrome. D)Chrome is likely to provide its expertise only at the marketing stage .
B)Zeal and Chrome are likely to cooperate even at the stage of research and development.
Marcel, the CEO of an automobile company, considers extending his research and development facility by collaborating with a multinational company. He believes that a contractual alliance will be ideal for this collaboration, but other senior members of the management oppose a contractual allianceWhich of the following statements is likely to strengthen Marcel's argument? A) The two firms are likely to seek a joint venture through the collaboration. B) The relationship between the two firms is likely to be supported by equity investments. C) Cooperation between the two firms is not likely to depend on cross-equity holdings . D) Interdependence between the two firms is not likely to be low
C) Cooperation between the two firms is not likely to depend on cross-equity holdings .
An organization has few rivals in the industry. These rivals are considering such moves as price changes, capacity adjustments, or new product features. Which of the following will help the organization predict the strategic actions most likely to be taken by its rivals? A) Strategic canvas B) Structural analysis C) Game theory D) Study of productivity
C) Game theory
Which of the following is NOT part of the 3 Phases of Change? A) Refreezing B)Changing C)Maintaining D) Unfreezing
C) Maintaining
What is the challenge in the organization that measurement can help overcome ? A) Members of the organization are resistant to strategic change B) Members of the organization do not accept measurement tools C) Members of the organization have perspectives that are limited to their domain /role D) Members of the organization are in conflict
C) Members of the organization have perspectives that are limited to their domain /role
An organization forms an alliance contract. It specifies in detail the duties and obligations of each of the partners , how the profits are to be split by the partners, and the process by which disputes will be resolved . Which of the following clauses is likely to cover the duties and obligations of the partners , including warranties and minimum output levels required to satisfy the contract? A) Voting rights clause B) Residual rights clause C) Performance clause D) Dispute clause
C) Performance clause
______draws on a different knowledge base, technologies, or methods to deliver value in a truly unique way . A) Disruptive innovation B)Incremental innovation C) Radical innovation D)Invention
C) Radical innovation
a____provides a basis for making competitive assessments not only because it defines who a company's competitors are but also because it can help to analyze potential changes in the landscape A) Competitor response profile B) Tit-for-tat strategy C) Strategic Group map D) Strategy Canvas
C) Strategic Group map
Which of the following is a tool that measures four broad areas of organizational performance: financial results , customer goals, internal business processes, and learning and growth ? A) The Change Process B) The Soft Square C) The Balanced Scorecard D) Principle of Line of Sight
C) The Balanced Scorecard
Victor Corp., a high-end mobile manufacturer that targets businesspeople, decides to increase its customer base. It forms a strategic alliance with Gray Inc. to produce new instruments designed to attract students. Gray helps design products that change how Victor is perceived by young customers. Which of the following is the primary objective of this strategic alliance? A) To source inputs or activities that reduce the total costs B) To source inputs or activities that create more productivity C) To source inputs or activities that influence the brand D) To source inputs or activities that increase productivity of existing products
C) To source inputs or activities that influence the brand
Noel, the CEO of a firm operating in the electronics industry, wants to change the environmental trends, store keeping facilities, and distribution strategy by creating a new plan for the production plant immediately . This need for change can be achieved by A) refreezing B) building a guiding coalition C) generating urgency D) creating a response profile
C) generating urgency
Building on a firm's established knowledge base to create minor improvements to the product or service a firm offers is known as A) radical innovation B)transformation C) incremental innovation D) outsourcing
C) incremental innovation
A salon that specializes in haircuts comes up with a new service that sets it apart from those of its rivals. Clients are requested to send in their photographs; the stylists then create a set of digital images with various looks. Once the client chooses a desired look, a stylist goes to the client's home to deliver the service. The strategy of creating digital images, which requires a unique set of resources and skills, is an example of a(n) A) incremental innovation B) progressive innovation C) radical innovation D) altered innovation
C) radical innovation
The hard triangle refers to A) elements of alignment are difficult to articulate. B) skills and other difficult things to change C) tangible elements of the 7 S model that managers can easily work on. D) the partnership between managers , employees , and shareholders that allow managers strategic change to happen .
C) tangible elements of the 7 S model that managers can easily work on.
An organization enters into an alliance with a firm that is positioned at a different stage along the value chain. The alliance is formed to combine unique resources and lower transaction costs. In this case, which of the following alliances has been adopted by the organization? A)A horizontal alliance B)A selling alliance C)A vertical alliance D)A profit alliance
C)A vertical alliance
Determining the best way to respond to is often a company's most central concern. A)difficult employees B)upset customers C)competitive threats D) ups and downs of the economy
C)competitive threats
A(n)_____ is a profile of a competitor that identifies its objectives and assumptions, its strategy, and its resources and capabilities in order to anticipate how the competitor might respond to rival actions. A) strategic group map B) strategy canvas C)competitor response profile D) competition landscape
C)competitor response profile
Borpon Inc. and Biocolog Corp. are well-established biotechnology companies. They enter into a strategic alliance in which they create and own a legally independent company. The new company is created from resources and assets contributed by the parent firms. Revenues, expenses, and profits are equally shared by both firms. Which of the following strategic alliances is adopted by Borpon and Biocolog? A) A contractual alliance B) An equity alliance C) distribution agreement D) A joint venture
D) A Joint Venture
Crimson Corp., a painting unit, collaborates with a car manufacturing company. They sign a contract that specifies the tasks of each party in alliance. Which of the following is being exemplified in this scenario? A) A coordination alliance B)A vertical alliance C)An equity alliance D) A nonequity alliance
D) A nonequity alliance
Velara Inc., a healthcare company, owns 35% stake in the firm that supplies most of its raw materials. This encourages the supplier to align its incentives with Velara's needs. Which of the following is being exemplified in this case? A)A licensing agreement B)A distribution agreement C) A contractual alliance D) An equity alliance
D) An equity alliance
Inks Corp. is a manufacturer of pensIt creates a new product called Quink, a quick-drying ink pen that does not require the use of blotting paperIt creates this product by building on its established knowledge of the properties of ink and the mechanisms of a pen. Which of the following innovations is being exemplified in this case? A) A radical innovation B) A revolutionary innovation C)A subversive innovation D) An incremental innovation
D) An incremental innovation
Which of the following is NOT a principle of competitive strategy? A)Develop strategies that cannot be easily imitated B) Know your strengths and weaknesses C) Protect and neutralize vulnerabilities D) Bring threats against weaknesses
D) Bring threats against weaknesses
Stars Corp. decides to eliminate activities associated with collecting and storing the products by directly distributing the finished goods to its customers. This enabled Stars to reduce the total cost. Which of the following is being exemplified in this case? A) Standardization B) High-end radical innovations C) Low-end disruptive innovations D) Disintermediation
D) Disintermediation
Which of the following is NOT one of the core principles of competitive strategy, as mentioned in the text? A) Know your strengths and weaknesses B) Develop strategies not easily imitated C) Protect and neutralize vulnerabilities D) Disrupt the market using innovation
D) Disrupt the market using innovation
is a grant of authority, formal or informal, that allows organizational members to try new practices. A) The principle of line of sight B) A superordinate goal C) Guiding coalition D) Empowerment
D) Empowerment
Drew's Cafe Inc. and Cuppa Corp., two local coffee chains, combine resources to enter the global market. They retain their individual ownership; however, they agree to share production facilities and manpower, and they also decide to market their products through combined promotional tools. The arrangement made by the two retail chains to combine resources and collaborate for a common objective refers to a A)standardization venture B) product-differentiation strategy C) mass-customization strategy D) strategic alliance
D) Strategic alliance
Which of the following is correct ? A) Strategy implementation is unimportant because it follows naturally from formulation B) Strategy implementation is important because people need to feel good about the new strategy before they enact it. C) Strategy implementation is easy because organizational members see how a new strategy will lead to competitive advantage . D) Strategy implementation is difficult because it requires the organization to re- align its internal processes around the new strategy .
D) Strategy implementation is difficult because it requires the organization to re- align its internal processes around the new strategy .
Which of the following describes an approach, or pricing strategy, a company uses to get paid for the value it delivers through its business model? A)Innovative strategy B)Third -party pay strategy C)Blue ocean strategy D) The Revenue Model
D) The Revenue Model
Rafael, the chief executive officer of a chemical firm, believes that concentrating on the hard triangle of the 7 S model will help bring in the necessary organizational alignment in a relatively short period of time. Which of the following statements, if true, would strengthen Rafael's belief? A) The elements of style and skills are often easy to codify and can speed up the process of change in an organizational structure. B) Changing the style or shared values of an organization is a less burdensome task for the top management . C) The organizational element of strategy is often difficult to codify D) The elements of strategy , structure , and systems can help an organization to quickly reach the desired level of change within an organization .
D) The elements of strategy , structure , and systems can help an organization to quickly reach the desired level of change within an organization .
How does the model guide strategy for the organization? A) The model helps the organization formulate an effective strategy to compete B) The model helps the organization identify stakeholders , those individuals and groups who affect, and are affected by, the firm and its activities C) The model helps the organization effectively lead strategic change D) The model helps the organization identify misalignments between elements and devise plans to realign them
D) The model helps the organization identify misalignments between elements and devise plans to realign them
Any factor that increases the costs, lowers the profit margins , or limits the market share of entrants to a market is known as a(n)____ A) strategic structure B)game theory C) barrier to mobility D) barrier to entry
D) barrier to entry
Pharmax Inc.a pharmaceutical firm, holds annual surveys for its employees and the alliance partners' employees. After the survey, the management discusses the issues brought up by the employees and their suggestions. Conflicts are avoided by regular interaction, and any dispute that arises is resolved at an early stage. Through these measures, Pharmax seeks to primarily achieve A) organized alliance-management knowledge B) increased external visibility C) increased profits D) intervention and accountability
D) intervention and accountability
In the ______of the product/business/industry life cycle, a company attempts to attract new types of buyers who are willing to try out the latest new gadgets A) maturity stage B) decline stage C) growth stage D) introduction stage
D) introduction stage
Why should a company create a strategic alliance with one or more other companies? A) To differentiate more from competitors B) To combine resources and capabilities to create new value. C) To make employees happy that may have connections with other companies D) Both to differentiate more from competitors and to combine resources and capabilities to create new value E) Both to combine resources and capabilities to create new value and to make employees happy that may have connections with other companies F) All of the choices are correct.
D)Both to differentiate more from competitors and to combine resources and capabilities to create new value
Which of the following represents the way rivals in a market interact and bargain for advantage? A) Nash equilibrium B) Game theory C)Dominant strategy D)Market Structure
D)Market Structure
What is one reason that explains why the rate of failure of alliances is so high (50%)? A)The reputation of the partners is tainted by the external visibility of the alliance B) This is incorrect; alliances are usually very successful C) Firms are burdened by the additional costs of a dedicated alliance function D)One partner or another fails to mobilize internal resources to support the alliance initiative
D)One partner or another fails to mobilize internal resources to support the alliance initiative
Which of the following is involved with the execution portion of strategy implementation? A) Accountability for action B) Creating organizational alignment C) Clear Goals D) Accurate measures of performance E) All of the above
E) All of the above
Which of the following is not in the McKinsey 7S model? A) Strategy B) Systems C) Shared Values D) Skills E) Situations
E) Situations
How do companies in different strategic groups differ from each other? A) They employ different business models. B) They go after customers with different value propositions . C) They are in completely different industries (e.g., automobile vs. medicine ). D) They are in completely different industries and employ different business model E) They employ different business models and go after customers with different va propositions.
E) They employ different business models and go after customers with different va propositions.
Which of the following are ways a firm can take advantage of another firm in an alliance? A)Vertically integrating B) Misrepresentation C) Hold-up D) Both vertically integrating and hold-up E) Both misrepresentation and hold-up
E)Both misrepresentation and hold-up
A contractual alliance involves writing a contract that describes how much equity each partner receives. True False
False
To achieve economies of scale in a strategic alliance, two or more companies combine unique resources. True False
False
