Collaborative relationships are becoming a common way to meet the demands of global competition.Global __________ are agreements between two or more independent firms to cooperate for the purpose of achieving common goals such as a competitive advantage or customer value creation.
A)compacts
B)collaborative treaties
C)free trade agreements
D)economic coalitions
E)strategic alliances

Question

Quizplus · Accepted Answer

Collaborative relationships are often referred to as strategic alliances, making choice (E) the best option. Compacts, collaborative treaties, free trade agreements, and economic coalitions all refer to specific types of agreements, but they do not necessarily entail the kind of cooperation and common goal setting that strategic alliances do.

Collaborative Relationships Are Becoming a Common Way to Meet the Demands