In order to not incur the tremendous costs of purchasing equipment for a manufacturing plant, an entrepreneur may
A) plan a harvest strategy.
B) reduce the volume of production.
C) form a strategic alliance.
D) downsize the plant's operations.
E) take loans from lenders.

Question

Quizplus · Accepted Answer

Forming a strategic alliance can help an entrepreneur access equipment and other resources without the need to purchase them outright, thus avoiding the tremendous costs associated with such purchases. This can be achieved through partnerships with other companies that already have the necessary equipment.

In Order to Not Incur the Tremendous Costs of Purchasing