Question

Companies racing against rivals for global market leadership need strategic alliances and collaborative partnerships with companies in foreign countries in order to:_______
A. Combat the bargaining power of foreign suppliers and help defend against the competitive threat of substitute products produced by foreign rivals.
B. Help raise needed financial capital from foreign banks and use the brand names of their partners to make sales to foreign buyers.
C. Get into critical country markets quickly and accelerate the process of building a potent global presence, gain inside knowledge about unfamiliar markets and cultures, and access valuable skills and competencies that are concentrated in particular geographic locations.
D. Help pursue price wars against foreign competitors.
E. Exercise better control over efforts to revamp the global industry value chain.

Answer 1

Answer:

C. Get into critical country markets quickly and accelerate the process of building a potent global presence, gain inside knowledge about unfamiliar markets and cultures, and access valuable skills and competencies that are concentrated in particular geographic locations

Explanation:

In a global market it is important for businesses to leverage international advantages such as lower production cost in a foreign country, more lucrative markets in certain locations, and access to cheap materials for production.

So when a company wants to gain global dominance it is important they form alliances with companies in foreign countries. This will help them access more lucrative markets, gain knowledge about particular markets, and gain competencies that are unique to a geographical area.