International strategic alliances allow
A)governments to share national resources.
B)retailers to control their suppliers.
C)strong firms to dominate weak ones without having to buy them.
D)firms to share resources and capabilities.

Question

Quizplus · Accepted Answer

International strategic alliances are formed between firms in order to share resources and capabilities. This helps them to gain a competitive advantage in the global market by combining their strengths and reducing risks. A strategic alliance is formed to achieve a common goal that benefits both firms. It is different from acquisition or merger, where one firm acquisitions the other. In a strategic alliance, two or more firms come together to achieve a specific objective, but still operate as separate entities. Hence, the correct choice is option D.

International Strategic Alliances Allow