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WPC 480 Chapter 9 Exam Questions and Answers
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WPC 480 Chapter 9 Exam Questions and Answers
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WPC 480 Chapter 9 Exam Questions andAnswers
Cooperative iiStrategy ii- iiAnswers ii-A iistrategy iiin iiwhich iifirms iiwork iitogether iito
iiachieve iia iishared iiobjective.
Strategic iiAlliance ii- iiAnswers ii-A iiprimary iitype iiof iicooperative iistrategy iiin iiwhich iifirms
iicombine iisome iiof iitheir iiresources iiand iicapabilities iito iicreate iia iimutual iicompetitive
iiadvantage.
Collaborative iiAdvantage ii- iiAnswers ii-A iicompetitive iiadvantage iideveloped iithrough iia
iicooperative iistrategy.
Joint iiVenture ii- iiAnswers ii-Two iior iimore iifirms iicreate iia iilegally iiindependent iicompany
iiby iisharing iisome iiof iitheir iiresources iiand iicapabilities.
Equity iiStrategic iiAlliance ii- iiAnswers ii-Partners iiwho iiown iidifferent iipercentages iiof
iiequity iiin iia iiseparate iicompany iithey iihave iiformed.
Non-equity iiStrategic iiAlliance ii- iiAnswers ii-Two iior iimore iifirms iidevelop iia iicontractual
iirelationship iito iishare iisome iiof iitheir iiunique iiresources iiand iicapabilities.
Complementary iiStrategic iiAlliances ii- iiAnswers ii-Combine iipartner iifirms' iiassets iiin
iicomplementary iiways iito iicreate iinew iivalue
Vertical iiComplementary iiStrategic iiAlliance ii- iiAnswers ii-Formed iibetween iifirms iithat
iiagree iito iiuse iitheir iiskills iiand iicapabilities iiin iidifferent iistages iiof iithe iivalue iichain iito
iicreate iivalue iifor iiboth iifirms. ii(outsourcing)
Horizontal iiComplementary iiStrategic iiAlliance ii- iiAnswers ii-Formed iiwhen iipartners
iiwho iiagree iito iicombine iitheir iiresources iiand iiskills iito iicreate iivalue iiin iithe iisame
iistage iiof iithe iivalue iichain.
Competition iiResponse iiAlliances ii- iiAnswers ii-Occurs iiwhen iifirms iijoin iiforces iito
iirespond iito iia iistrategic iiaction iiof iianother iicompetitor.
Uncertainty iiReducing iiAlliances ii- iiAnswers ii-Used iito iihedge iiagainst iirisk iiand
iiuncertainty.
Explicit iiCollusion ii- iiAnswers ii-When iifirms iidirectly iinegotiate iiproduction iioutput iiand
iipricing iiagreements iito iireduce iicompetition ii(illegal).
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