Synergistic strategic alliances focus on economies of scope rather than economies of scale.

Question

Quizplus · Accepted Answer

Synergistic strategic alliances aim to leverage the combined strengths and resources of partnering firms to achieve economies of scope, or the ability to produce a wider range of products or services more efficiently. This is different from economies of scale, which refers to the cost advantages obtained by increasing the scale of production or operation.

Synergistic Strategic Alliances Focus on Economies of Scope Rather Than