Franchisors are able to reduce their financial risk because franchisees invest some of their own capital in the local venture.
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Q3: Slow-cycle markets are markets in which a
Q4: In some industries, competition is increasing between
Q5: Non-equity strategic alliances exist when two or
Q6: Tacit collusion tends to be used as
Q7: Cooperation in slow-cycle markets is extremely rare,
Q9: A competitive advantage developed through a cooperative
Q10: Tacit knowledge is learnt both through experience
Q11: In a horizontal complementary strategic alliance, one
Q12: Complementary strategic alliances, competition response strategy, competition
Q13: A stable alliance network is formed in
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