Answer:
TRUE
Explanation:
Companies enter into strategic global business alliances for variety of reasons. One of the most important reasons is<u> to gain access to another company's knowledge or resources. </u>Companies can also decide to join forces to <u>develop new products or to enter a market that neither could enter alone</u>.
The best strategic alliances are those which help a company move quickly from one strategic group to another.
1<u>. aim at raising an industry's barriers to entry. </u>
<em>One characteristic of strategic alliance is that a well-conceived alliance can mean a head start in a market, </em><em><u>possibly even preventing other competitors from entering. </u></em>
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<u>2, are those whose purpose is to create an industry key success factor. </u>
<em>Forming strategic alliances is one approach to establishing standards in an industry. </em>
<u>3. are highly selective, focusing on particular value chain activities and on obtaining a particular competitive benefit. </u>
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<em>Strategic Alliances involves sharing research and development costs and facilities provides good value for money, </em><em><u>while sharing expertise can speed up the process.</u></em><em> The sharing of expertise is to obtain a particular competitive benefit.</em>
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4. involve joining forces in R&D to develop new technologies cheaper than a company could develop the technology on its own.
<em>As stated in point 3 above, </em><em><u>Sharing research and development costs and facilities provides good value for money</u></em><em>, while sharing expertise can speed up the process. </em>
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Answer:
total quality management (tqm)
Explanation:
hope it helps you
Answer:
There exists a positive relationship between the price and quantity supplied and thus a supply curve is upward sloping
Explanation:
All things being equal, when the price of a good increases, the quantity supplied increases as there would be more suppliers in the market or existing suppliers would be willing to do more. The same is also the case if the price falls, supply would fall
When we plot a graph with price and quantity, we noticed that it slopes upwards as quantity increases as prices does
Answer:
Elasticity of Demand = 4.5
Demand is very elastic, because a small percentage change in price brought about a bigger percentage change in quantity demanded.
Explanation:
Data and Calculations:
Original Average New Average Change Percentage
Quantity 403,000 549,000 +146,000 36.23%
Price $2,500 $2,300 -$200 8%
b) Elasticity of demand: The elasticity of demand is calculated by dividing the % change in quantity by the % change in price which brought it about.
Percentage change in Quantity/Percentage change in price
= 36.23%/8% = 4.5
c) The elasticity of demand is the responsiveness of demand (consumers) to a change in price. If the responsiveness is less than 1, then demand is inelastic. If it is equal to 1, then demand elasticity is unitary. If it is more than 1, then demand is elastic.
Decision, since Elasticity is more than 1, the demand is very elastic.