Strategic alliances are also known as ________.
A) competitive strategies
B) cooperative strategies
C) independent strategies
D) virtual strategies

Question

Quizplus · Accepted Answer

Strategic alliances are partnerships formed between two or more organizations that agree to work together towards common goals while remaining independent entities. This means that they are cooperative strategies since they involve collaboration and sharing of resources, knowledge, and expertise to achieve mutual benefits. The other options are incorrect because strategic alliances are not necessarily competitive, independent, or virtual strategies, although they may involve elements of each.

Strategic Alliances Are Also Known as ________