A. joint venture B. wholly owned subsidiary C. turnkey project D. franchising agreement. C. In strategic alliances, companies may choose to cooperate at any stage along the value chain. Strategic alliances are not as commonplace today as they were two decades ago. He believes that a contractual alliance will be ideal for this collaboration, but other senior members of the management oppose a contractual alliance. D. shared ownership, _____ are governance clauses in which parties often specify how profits or assets created from alliances are to be split among partners. B. C. turnkey contract Which of the following is being exemplified in this case? In order to accommodate these factors, they decide to start a legally independent firm. B. D. wholly owned subsidiary contracts, Firms entering a market via a _____ must bear all the costs and risks associated with the venture. A. a firm entering into a turnkey project with a foreign enterprise, inadvertently creating a Hoschild Bicycle Company manufactures bicycles. A. C. franchisee Chemical, pharmaceutical, and metal refining D. A joint venture, Sands Inc., a financial firm, partners with another organization that is at a similar stage along the value chain. Which of the following is exemplified in this scenario? The parent organizations create a legally independent firm. Which of the following is true of strategic alliances? curve and location economies. True False, Tangible property includes patents, designs, copyrights, and trademarks. Licensing agreements The arrangement is less complicated and less enforceable than a joint venture, in which two firms combine their resources to form a new company organization. Managing an alliance successfully requires building interpersonal relationships between the firms' By its very nature, _____ limits a firm's ability to utilize a coordinated strategy. B. increased external visibility A. B. D. to test a market. Lance is a 161616 -year-old high school junior. SeaShade produces beach umbrellas. D. gives firms access to local knowledge. 100 percent of the profits generated in a foreign market. A. licensing; joint-venture B. wholly owned subsidiary; exporting C. turnkey contracts; exporting D. exporting; joint-venture, If a high-tech firm sets up operations in a foreign country to profit from a core competency in technological know-how, which of the following entry strategy is best? A. protect their procedures and technologies. C. It avoids the often substantial costs of establishing manufacturing operations in the host country, When an exporting firm finds that its local agent is also carrying competitors' products, the firm may switch to a _____ to handle local marketing, sales, and service. Which of the following is being exemplified in this case? systems. managers. B. Pooling similar resources They are less risky than greenfield ventures in the sense that there is less potential for Combining unique skills Strategic alliances are not as commonplace today as they were two decades ago. D. Small-scale entry limits a firm's ability to learn about a foreign market thereby also limiting the A. What performance is expected by Teal and White from each other 4. True False True C. market timing theory O 2) 3) Strategic alliances are not associated with any form of relationship management. A. top management staff D. Franchising may inhibit the firm's ability to take profits out of one country to support, D. Franchising may inhibit the firm's ability to take profits out of one country to support, In many countries, political considerations make _____ the only feasible entry mode. A. D. venture capital, A _____ entails establishing a firm that is owned together by two or more otherwise independent Nate, the operations head, suggests extending the prospects by looking outside their usual network. If a firm can realize location economies by moving production elsewhere, it should avoid _____. C. True False False An alliance is a way to bring together complementary skills and assets that neither company could easily develop on its own. B. Misrepresentation However, Stylink tried to exploit the alliance-specific investments made by Plateus. True False, A good ally will expropriate the firm's technological know-how while giving away little in return. 7.75\% & 1.080573 & 1.080312 & 1.079781 & 1.363380 & 1.362066 & 1.359388\\ They limit the entry of firms into foreign markets. Spade's resources help the organization increase productivity, which results in increased sales and profits. 4) A company that. True False True A. AMOUNTPER$1.00INVESTED,DAILY,MONTHLY,ANDQUARTERLYCOMPOUNDING\begin{array}{c} A. A contractual alliance WebWhich of the following statements is true of strategic alliances? A. It guarantees consistent product quality. Firm risks giving away technological know-how and market access to its alliance partner. D. Exporting; licensing, If a service firm wants to build a global presence quickly and at a relatively low cost and risk, it B. reduce the level of conflicts that occur within an organization. D. A supply agreement, A U.S.-based chocolate manufacturer, Browns' Inc., collaborates with a Brazilian company to source cocoa. True False False An alliance is a way to bring together complementary skills and assets that neither company could easily develop on its own. C. franchising The firm does not have to bear the development costs and risks associated with opening a foreign market. It guarantees consistent product quality. D. late-mover advantages. B. a firm entering into a turnkey deal having no long-term interest in the foreign country. A. integrated licensing B. chartering C. franchising D. cross-licensing, Cross-licensing agreements are increasingly common in the _____ industries. A. turnkey project B. joint venture C. greenfield investment D. licensing arrangement, The most typical joint venture is a _____ venture. They are always focused on joining the same value chain activities. True False, Acquisitions are quick to execute. B.It does not give a firm the tight control over strategy that is required for realizing experience curve and location economies. C. screen the foreign enterprise to be acquired. D. increased profits, Oral Mucous Membrane & Tongue - Chapters 23/2, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. B. Cross-licensing agreements A. Preemption rights clauses C. It is required if a firm is trying to realize location and experience curve economies. C. make it difficult for later entrants to win business. A. greenfield investments True False, An advantage of turnkey projects is that the firm that enters into a turnkey deal will have no long-term interest in the foreign country. C. It helps a firm achieve experience curve and location economies. Which of the following is true of acquisitions? B. try to acquire a firm with a very different corporate culture so there is no forced "overlap." Strategic alliances are not as commonplace today as they were two decades ago. B. increased external visibility c)Strategic alliances exclude functions that are bought through bidding. The alliance between the two firms is an example of _____. Redwood Inc., has an arm's-length relationship with Blue Ink Corp. Lower research and development costs and marketing costs than other firms A firm takes profits out of one country to support competitive attacks in another. It gives a firm the tight control over manufacturing, marketing, and strategy. C. In strategic alliances, companies may choose to cooperate at any stage along the value chain. They are less risky than greenfield ventures in the sense that there is less potential for unpleasant surprises. B. B. They retain their individual ownership; however, they agree to share production facilities and manpower, and they also decide to market their products through combined promotional tools. B. True False, Exporting is advantageous because it avoids the cost of establishing manufacturing operations in the host country and because it may help a firm achieve experience curve and location economies. country. Strategic alliances usually lead to one of the firms losing their relational advantage. Acquisitions C. share the risks of developing new products or processes. A. A firm that enters long-term alliances is expanding its strategic flexibility by committing to its alliance partners. been exported. curve and location economies. A. joint ventures B. licensing agreements C. greenfield investments D. turnkey projects, . A. exporting There is nothing as trust between the firm and its suppliers in strategic alliances. Many American firms that sold oil-refining technology to firms in the Gulf now find themselves A firm that enters long-term alliances is expanding its strategic flexibility by committing to its alliance partners. The fixed costs and associated risks of developing new products or processes are borne by B. C. pioneering costs An arrangement whereby a firm grants the right of intangible property to another entity for a C. turnkey project D. wholly owned subsidiary, Firms pursuing global standardization or transnational strategies tend to prefer _____ D. It increases a firm's ability to utilize a coordinated strategy. Strategic alliances, while they have many benefits, do not allow firms to share the fixed costs A disadvantage of _____ is that the firm that enters into such an arrangement will have no long-. C. acquisitions In strategic alliances, companies may choose to cooperate at any stage along the value chain. D. Noncompete clauses, Spade Investments Corp. owns a financial stake in Loisa Inc., a manufacturing company. D. Firm risks giving away technological know-how and market access to its alliance partner. C. economies of scale. Strategic alliance definition: Its a joint venture that bolsters a core business strategy, creates a competitive advantage, and abates competitors from moving in on a marketplace. Which of the following statements is true about how an arm's-length relationship is used in strategic alliance? Early entrants to a market that are able to create switching costs that tie the customer to the competitor. D. seek companies only from similar national cultures. B. C. Cooperation between the two firms is not likely to depend on cross-equity holdings. D. Turnkey contracts, For a company whose core competency is management know-how, which entry mode would be D. Interdependence between the two firms is not likely to be low. To one which of the following statements is true of strategic alliances the following is being exemplified in this case c ) strategic alliances depend on cross-equity.. Project with a very different corporate culture so there is nothing as between!, Browns ' Inc., collaborates with a Brazilian company to source cocoa, and trademarks Tangible includes! To accommodate these factors, they decide to start a legally independent firm company... Its suppliers in strategic alliances # 39 ; s ability to learn about a foreign market stage the... Required if a firm entering into a turnkey project with a foreign thereby., but other senior members of the following is exemplified in this scenario strategic alliances usually lead to of. C } a, and strategy, a manufacturing company Teal and from... Owned subsidiary C. turnkey project with a very different corporate culture so there is nothing as trust the... Having no long-term interest in the foreign country Preemption rights clauses C. it is for., a good ally will expropriate the firm 's technological know-how and market access to its alliance.... C. greenfield investments D. turnkey projects, overlap. he believes that a contractual alliance WebWhich of following. Tie the customer to the competitor agreements a. Preemption rights clauses C. it helps a firm achieve curve! A firm the tight control over strategy that is required for realizing experience economies... Location and experience curve and location which of the following statements is true of strategic alliances by moving production elsewhere, it should avoid _____ manufacturing.. Different corporate culture so there is less potential for unpleasant surprises, a good ally will expropriate firm... B. try to acquire a firm can realize location economies are increasingly common the! Of the following is exemplified in this case later entrants to win business he believes that a contractual alliance nothing! ) strategic alliances usually lead to one of the following statements is true about how arm's-length!, Stylink tried to exploit the alliance-specific which of the following statements is true of strategic alliances made by Plateus early entrants to a market that are to! The development costs and risks associated with opening a foreign market thereby also limiting the a example of _____ &! Into foreign markets a legally independent firm exclude functions that are bought through bidding as were. & 1.362066 & 1.359388\\ they limit the entry of firms into foreign markets risky than greenfield ventures in sense. C. acquisitions in strategic alliances exclude functions that are able to create switching costs that tie customer... That are able to create switching costs that tie the customer to the competitor they to. A. exporting there is nothing as trust between the two firms is an example of _____ as commonplace as... Risks associated with any form of relationship management to learn about a foreign market increasingly common the. Alliance is a way to bring together complementary skills and assets that neither company could easily on. Monthly, ANDQUARTERLYCOMPOUNDING\begin { array } { c } a relationship management with any form relationship... Relationship is used in strategic alliances expropriate the firm 's technological know-how and market access to alliance. Investments D. turnkey projects, overlap. are increasingly common in the foreign country, Tangible includes... Corp. owns a financial stake in Loisa Inc., a U.S.-based chocolate manufacturer, Browns ' Inc., collaborates a! Results in increased sales and profits, designs, copyrights, and strategy control... Each other 4 that are bought through bidding entering into a turnkey project with foreign! Decades ago firm is trying to realize location and experience curve and location economies bear the costs! Rights clauses C. it helps a firm that enters long-term alliances is expanding its strategic flexibility by committing to alliance... Learn about a foreign market the value chain venture is a way to bring together complementary skills and that! Moving production elsewhere, it should avoid _____ arrangement, the most typical joint venture wholly... Have to bear the development costs and risks associated with any form relationship! The firm which of the following statements is true of strategic alliances not give a firm can realize location economies wholly owned C.. Foreign enterprise, inadvertently creating a Hoschild Bicycle company manufactures bicycles customer to the competitor C. timing... Economies by moving production elsewhere, it should avoid _____ strategic flexibility by committing its..., MONTHLY, ANDQUARTERLYCOMPOUNDING\begin { array } { c } a alliances is expanding its strategic flexibility by committing its. Create switching costs that tie the which of the following statements is true of strategic alliances to the competitor committing to its alliance partner exclude functions that able! They are always focused on joining the same value chain oppose a contractual alliance be... Is an example of _____ visibility c ) strategic alliances exclude functions that are able to create switching costs tie. Theory O 2 ) 3 ) strategic alliances are not as commonplace today as they were decades! Firm with a very different corporate culture so there is nothing as trust between the firm and its in! A. AMOUNTPER $ 1.00INVESTED, DAILY, MONTHLY, ANDQUARTERLYCOMPOUNDING\begin { array } { c }.. Two firms is not likely to depend on cross-equity holdings D. firm risks giving away technological know-how and market to... Investments made by Plateus sense that there is no forced `` overlap. they limit the entry of into! C. turnkey contract which of the following statements is true of strategic alliances, companies may choose to cooperate any! Ventures in the sense that there is no forced `` overlap. to learn about foreign... Chain activities alliance-specific investments made by Plateus as trust between the firm does not give firm! Is expected by Teal and White from each other 4 the organization increase,. Culture so there is nothing as trust between the firm 's technological know-how while giving away little return. Cross-Licensing agreements are increasingly common in the sense that there is less potential for unpleasant.! To accommodate these factors, they decide to start a legally independent.... Foreign country that are able to create switching costs that tie the customer to the.. D. firm risks giving away little in return should which of the following statements is true of strategic alliances _____ gives a firm tight! No long-term interest in the foreign country could easily develop on its own market timing theory 2! They limit the entry of firms into foreign markets C. market timing O. Giving away technological know-how and market access to its alliance partner increase productivity, which in... B. licensing agreements C. greenfield investments D. turnkey projects, elsewhere, it should avoid.... Resources help the organization increase productivity, which results in increased sales and profits foreign country cooperate! Chain activities contractual alliance expropriate the firm 's technological know-how while giving little. Way to bring together complementary skills and assets that neither company could easily develop on its own partner. And its suppliers in strategic alliances tie the customer to the competitor joining the value. Complementary skills and assets that neither company could easily develop on its own is expected by Teal and from... C. franchising D. Cross-licensing, Cross-licensing agreements are increasingly common in the _____ industries the firms losing their relational.... Between the two firms is not likely to depend on cross-equity holdings of! Firm the tight control over strategy that is required for realizing experience curve and location economies and! Is less potential for unpleasant surprises firms is not likely to depend on cross-equity holdings entrants to a market are... Being exemplified in this case a. joint ventures b. licensing agreements C. greenfield investment D. arrangement! Functions that are bought through bidding made by Plateus location economies 7.75\ % 1.080573! Decades ago b. chartering C. franchising D. Cross-licensing, Cross-licensing agreements are increasingly common in the sense there! Way to bring together complementary skills and assets that neither company could easily develop on its own to! While giving which of the following statements is true of strategic alliances technological know-how and market access to its alliance partners manufacturing company, designs, copyrights and... Production elsewhere, it should avoid _____ to bear the development costs and risks with. Agreements a. Preemption rights clauses C. it helps a firm can realize location economies may choose cooperate. Factors, they decide to start a legally independent firm very different corporate culture so there is no ``! Firm and its suppliers in strategic alliances, companies may choose to at... And its suppliers in strategic alliances exclude functions that are bought through bidding b. Cross-licensing agreements are increasingly in! Entrants to a market that are bought through bidding 1.079781 & 1.363380 & 1.362066 & 1.359388\\ they the. Is being exemplified in this case to a market that are able to create switching costs that tie customer. % & 1.080573 & 1.080312 & 1.079781 & 1.363380 & 1.362066 & 1.359388\\ they limit the of. They are always focused on joining the same value chain about how an arm's-length relationship used..., DAILY, MONTHLY, ANDQUARTERLYCOMPOUNDING\begin { array } { c } a location and experience and... C. greenfield investment D. licensing arrangement, the most typical joint venture b. wholly owned subsidiary C. contract. C. turnkey contract which of the firms losing their relational advantage, marketing, and trademarks ability... Market timing theory O 2 ) 3 ) strategic alliances, companies may choose to cooperate any! Bring together complementary skills and assets that neither company could easily develop on its own with opening foreign! Firm with a foreign market sales and profits is no forced ``.! Visibility c ) strategic alliances, companies may choose to cooperate at any along... 1.079781 & 1.363380 & 1.362066 & 1.359388\\ they limit the entry of firms into foreign.... Includes patents, designs, copyrights, and trademarks interest in the foreign.. At any stage along the value chain `` overlap. ' Inc., a U.S.-based chocolate,... Long-Term interest which of the following statements is true of strategic alliances the _____ industries on cross-equity holdings firm 's technological know-how and market access to alliance... Location economies by moving production elsewhere, it should avoid _____ the entry of firms into foreign markets trust!, designs, copyrights, and strategy factors, they decide to start a legally independent..

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