To increase the likelihood of success, ____ approach(es) should be used to manage cooperative strategies.
A) the cost minimization
B) the opportunity maximization
C) both the cost minimization and opportunity maximization
D) none of the these

Question

Quizplus · Accepted Answer

Managing cooperative strategies involves both minimizing costs and maximizing opportunities. Cost minimization involves reducing expenses associated with the cooperative strategy, such as shared resources, joint marketing and sales programs, and coordination costs. Opportunity maximization involves identifying and capitalizing on potential synergies and benefits of the cooperative strategy, such as increased market share, access to new technology, and expanded product lines. By balancing these two approaches, companies can increase the likelihood of successful cooperation and achieve mutual benefits.

To Increase the Likelihood of Success, ____ Approach(es) Should Be