ch9 - Chapter 9Cooperative Strategy TRUE/FALSE 1 A...

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Chapter 9—Cooperative Strategy TRUE/FALSE 1. A cooperative strategy is a strategy in which one or more firms work together to achieve a common purpose. ANS: T PTS: 1 DIF: Easy REF: 246 OBJ: 09-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Ru- 2. The use of a cooperative strategy is an alternative to acquisition. ANS: T PTS: 1 DIF: Easy REF: 246 OBJ: 09-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Ru- 3. A competitive advantage developed through a cooperative strategy is often called a corresponding ad- vantage. ANS: F PTS: 1 DIF: Easy REF: 247 OBJ: 09-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Ru- 4. Although growing in popularity with small and medium-sized firms because they can gain economies of scale, large companies tend to avoid strategic alliances. ANS: F PTS: 1 DIF: Medium REF: 247 OBJ: 09-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Ru- 5. If a large Asian cosmetics firm was to engage in a 50-50 partnership with a large American chemical company to form a new company focused on creating advanced skin care products, this would be con- sidered a joint venture. ANS: T PTS: 1 DIF: Medium REF: 247 OBJ: 09-02 TYPE: application NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Ru- 6. Strategic alliances are cooperative strategies between firms that combine their resources and capabilit- ies to create a competitive advantage. ANS: T PTS: 1 DIF: Medium REF: 247 | 249 OBJ: 09-02 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff & Rubin: Strategic & systems skills
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7. Nonequity strategic alliances exist when two or more firms join together to create an independent firm. ANS: F PTS: 1 DIF: Medium REF: 249 OBJ: 09-02 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Ru- 8. Nonequity strategic alliances are formed when one partner owns a much larger (or inequitable) share of the joint venture than do the remaining partner(s). ANS: F PTS: 1 DIF: Medium REF: 249 OBJ: 09-02 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Ru- 9. Cooperation in slow-cycle markets is extremely rare because these industries are declining. ANS: F
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ch9 - Chapter 9Cooperative Strategy TRUE/FALSE 1 A...

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