Alliances are also known as ________.
A)competitive strategies
B)cooperative strategies
C)relational strategies
D)virtual strategies

Question

Quizplus · Accepted Answer

Alliances involve partnering with another organization to achieve a common goal, which requires cooperation and mutual benefit. Thus, alliances are a type of cooperative strategy. Competitive strategies typically focus on outperforming rivals through tactics such as differentiation or cost leadership. Relational strategies focus on fostering long-term relationships with customers, suppliers, and other stakeholders. Virtual strategies involve leveraging technology to create new products or services, such as through e-commerce or digital platforms. While some alliances may involve elements of these other strategies, the primary focus is on collaboration and cooperation with the partner organization.

Alliances Are Also Known as ________