Which of the following statements is true about firms that establish strategic alliances?

Question

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Firms can establish strategic alliances at any stage along the value chain in order to improve their performance. This can include collaborating on research and development, marketing, sales, or distribution. There are no restrictions on the types of firms that can enter a strategic alliance, as long as they have complementary resources or capabilities that can benefit both parties. While entering a strategic alliance may involve sharing information and resources with another firm, it does not necessarily mean that a firm will lose its relational advantage. Rather, strategic alliances can help firms to build stronger relationships and improve their overall competitiveness in the marketplace.

Which of the Following Statements Is True About Firms That