A way in which virtual companies become more flexible and responsive is by forming ____, or teams of businesses to share resources and reduce costs.

Question

A way in which virtual companies become more flexible and responsive is by forming ____, or teams of businesses to share resources and reduce costs. ​

Quizplus · Accepted Answer

Strategic alliances are partnerships where businesses come together to share resources, knowledge, and capabilities to achieve common objectives, such as reducing costs and improving flexibility and responsiveness.

A Way in Which Virtual Companies Become More Flexible and Responsive