Cooperative strategies pursued by firms include

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Cooperative strategies refer to collaborative efforts between firms, and joint ventures are a prime example of such efforts. Joint ventures involve two or more firms establishing a new entity to undertake a specific business project or venture, with each firm contributing capital, resources, and expertise in a mutually beneficial way. Growth, diversification, and acquisitions are not necessarily cooperative strategies, as they typically involve a firm acting alone to achieve its objectives, rather than collaborating with other firms.

Cooperative Strategies Pursued by Firms Include