What is the advantage of forming a strategic alliance with a competitor or supplier?
A) Mutual gain
B) Increased shares of stock
C) The ability to influence the price of stock
D) To legally join the two organizations
E) The ability to sell a section of the business but still retain control

Question

Quizplus · Accepted Answer

Forming a strategic alliance with a competitor or supplier can lead to mutual gain for both organizations. By working together, they can access new markets, share resources, and reduce costs, leading to increased profits for both parties.

What Is the Advantage of Forming a Strategic Alliance with a Competitor