A group of manufacturing organizations purchases raw materials collectively to obtain better deals.This is an example of obtaining competitive advantage by ________.

Question

Quizplus · Accepted Answer

By collectively purchasing raw materials, the manufacturing organizations are establishing an alliance which can lead to cost savings and better deals, giving them a competitive advantage. This strategy does not necessarily involve differentiating the industry or enhancing the products, nor does it specifically relate to establishing standards.

A Group of Manufacturing Organizations Purchases Raw Materials Collectively to Obtain