Question 1

A major risk of cooperative strategies is that firms gain access to their partner's partners.

Accepted Answer

A) True 
 B)False

Question 2

Identify the three types of corporate-level cooperative strategies.

Accepted Answer

A diversifying strategic alliance allows...

Question 3

Identify and define the different types of strategic alliances.

Accepted Answer

Strategic alliances are cooperative stra...

Question 4

____ are rare and quickly disappearing.

Accepted Answer

A)   Fast-cycle markets
B)   Standard-cycle markets
C)   Slow-cycle markets
D)   Medium-cycle marketsE) B) and C)
F) All of the above

Question 5

As a form of business-level cooperative strategy,____ alliances are more likely to create a sustainable competitive advantage and earn above-average returns.

Accepted Answer

A)   complementary
B)   uncertainty reduction
C)   competition reduction
D)   franchisingE) A) and B)
F) B) and C)

Question 6

Identify and define the two different types of network strategies.

Accepted Answer

An alliance network is the foundation of...

Question 7

A cooperative strategy in which multiple firms agree to form partnerships to achieve shared objectives is a:

Accepted Answer

A)   cross-border franchise.
B)   network cooperative strategy.
C)   competition reducing strategy.
D)   complementary strategic alliance.E) A) and B)
F) A) and C) B

Question 8

Intelligent Energy entered a cooperative strategy with Seymourpowell in order to ____.

Accepted Answer

A)   generate synergies in manufacturing
B)   focus on research and development
C)   determine if their firms should merge in the future
D)   provide greater focus on their distribution effortsE) B) and C)
F) A) and D)

Question 9

Prices above the competitive level in the branded breakfast cereal market suggest that these firms are engaging in ____.

Accepted Answer

A)   excessive cooperation.
B)   joint ventures.
C)   tacit collusion.
D)   standard strategic alliances.E) B) and D)
F) None of the above

Question 10

Aerospace companies such as Boeing use cooperative alliances to stay competitive.

Accepted Answer

A) True 
 B)False

Question 11

In the franchising strategy,the most important competitive advantage for the franchisee is ____.

Accepted Answer

A)   the franchisor's brand name
B)   the franchisor's capital resources
C)   the franchisor's access to a consolidated market
D)   the franchisor's geographic locationsE) None of the above
F) All of the above

Question 12

Which of the following is NOT an advantage for a firm engaged in diversifying alliances?

Accepted Answer

A)   Expansion into new market areas
B)   Entering new product areas
C)   Achieving growth without merging with another firm
D)   Overcoming organizational weaknessesE) None of the above
F) A) and C) D

Question 13

In some countries,the only legal way for foreign firms to invest in the country is through:

Accepted Answer

A)   silent partner agreements.
B)   franchising.
C)   wholly-owned subsidiaries.
D)   partnership with a local firm.E) None of the above
F) All of the above

Question 14

Reduction of competition can be accomplished through all of the following EXCEPT:

Accepted Answer

A)   comparative pricing.
B)   explicit collusion.
C)   tacit collusion.
D)   mutual forbearance.E) A) and D)
F) C) and D) A

Question 15

The information in the text about Kodak's partnering philosophy illustrates ____.

Accepted Answer

A)   the difficulty of coordinating cross-border alliances when each partner is a potential competitor
B)   the fact that research and development costs make it difficult to undertake major projects without alliances
C)   the problems involved with sharing sufficient knowledge and resources to provide synergy without losing unique competitive advantages
D)   the challenges involved in dealing with multiple organizational and national cultures in an allianceE) A) and D)
F) B) and D)

Question 16

The information technology (IT)  industry is a:

Accepted Answer

A)   mixed cycle market.
B)   slow cycle market.
C)   fast cycle market.
D)   standard cycle market.E) All of the above
F) C) and D)

Question 17

The cost minimalization management approach involves the firm's use of formal contracts with partners.

Accepted Answer

A) True 
 B)False

Question 18

In general,cross-border alliances are more ____ and ____ than domestic alliances.

Accepted Answer

A)   profitable,R&D intensive
B)   complex,risky
C)   contract-driven,focused
D)   common,usefulE) A) and B)
F) A) and C)

Question 19

In general,strategic alliances are primarily formed to respond to ____ rather than ____ actions.

Accepted Answer

A)   outsourcing,complementary
B)   well-planned,spontaneous
C)   business-level,corporate-level
D)   strategic,tacticalE) B) and D)
F) All of the above

Question 20

Franchising is a particularly attractive strategy in ____.

Accepted Answer

A)   competing more effectively within the traditional passenger aircraft market
B)   developing new marketing processes
C)   large firms with dominant market share
D)   fragmented industriesE) B) and D)
F) C) and D)

Exam 7: Cooperative Strategy

A major risk of cooperative strategies is that firms gain access to their partner's partners.

Correct AnswerverifiedShow Answer

Identify the three types of corporate-level cooperative strategies.

Correct AnswerverifiedA diversifying strategic alliance allows...View AnswerShow Answer

Identify and define the different types of strategic alliances.

Correct AnswerverifiedStrategic alliances are cooperative stra...View AnswerShow Answer

____ are rare and quickly disappearing.

Correct AnswerverifiedShow Answer

As a form of business-level cooperative strategy,____ alliances are more likely to create a sustainable competitive advantage and earn above-average returns.

Correct AnswerverifiedShow Answer

Identify and define the two different types of network strategies.

Correct AnswerverifiedAn alliance network is the foundation of...View AnswerShow Answer

A cooperative strategy in which multiple firms agree to form partnerships to achieve shared objectives is a:

Correct AnswerverifiedB

Intelligent Energy entered a cooperative strategy with Seymourpowell in order to ____.

Correct AnswerverifiedShow Answer

Prices above the competitive level in the branded breakfast cereal market suggest that these firms are engaging in ____.

Correct AnswerverifiedShow Answer

Aerospace companies such as Boeing use cooperative alliances to stay competitive.

Correct AnswerverifiedShow Answer

In the franchising strategy,the most important competitive advantage for the franchisee is ____.

Correct AnswerverifiedShow Answer

Which of the following is NOT an advantage for a firm engaged in diversifying alliances?

Correct AnswerverifiedD

In some countries,the only legal way for foreign firms to invest in the country is through:

Correct AnswerverifiedShow Answer

Reduction of competition can be accomplished through all of the following EXCEPT:

Correct AnswerverifiedA

The information in the text about Kodak's partnering philosophy illustrates ____.

Correct AnswerverifiedShow Answer

The information technology (IT) industry is a:

Correct AnswerverifiedShow Answer

The cost minimalization management approach involves the firm's use of formal contracts with partners.

Correct AnswerverifiedShow Answer

In general,cross-border alliances are more ____ and ____ than domestic alliances.

Correct AnswerverifiedShow Answer

In general,strategic alliances are primarily formed to respond to ____ rather than ____ actions.

Correct AnswerverifiedShow Answer

Franchising is a particularly attractive strategy in ____.

Correct AnswerverifiedShow Answer

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A diversifying strategic alliance allows...
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Strategic alliances are cooperative stra...
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An alliance network is the foundation of...
View Answer

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B

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D

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A

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In general,cross-border alliances are more and than domestic alliances.

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In general,strategic alliances are primarily formed to respond to rather than actions.

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