Strategic partnerships are created to:
A)get lower prices.
B)make more immediate sales.
C)create a negotiation platform.
D)uncover and exploit joint opportunities.
E)persuade both parties that each will get "the bigger piece of the pie."

Question

Quizplus · Accepted Answer

Strategic partnerships are formed to uncover and exploit joint opportunities. This means that both parties share resources, expertise, and networks to achieve mutual goals that they cannot reach alone. The partnership helps them leverage their respective strengths and create more value for their customers or stakeholders. While lower prices, sales, negotiation, and persuasion may be a byproduct of a strategic partnership, they are not the primary objective. The real focus is on building a sustainable and mutually beneficial relationship that generates new ideas, innovations, and profits for both sides.

Strategic Partnerships Are Created To