A ____________ is a strategy in which firms share some of their resources and capabilities to create economies of scope and is similar to the business-level horizontal complementary alliance.
A) joint venture
B) synergistic strategic alliance
C) diversifying strategic alliance
D) dynamic alliance network

Question

Quizplus · Accepted Answer

A synergistic strategic alliance involves firms sharing resources and capabilities to create economies of scope. This is similar to a horizontal complementary alliance at the business level, where firms combine resources to create synergies in their core business operations. A joint venture involves two or more firms creating a new entity with shared ownership and control, while a diversifying strategic alliance involves firms with unrelated businesses coming together to diversify their offerings. A dynamic alliance network is a collection of multiple strategic alliances between different firms.

A ____________ Is a Strategy in Which Firms Share Some