What are cooperative strategies?
What will be an ideal response?
Cooperative strategies are used to gain competitive advantage within an industry by working with other firms. The two general types of cooperative strategies are collusion and strategic alliances. Collusion is the active cooperation of firms within an industry to reduce output and raise prices in order to get around the normal economic law of supply and demand. A strategic alliance is a partnership of two or more corporations or business units to achieve strategically significant objectives that are mutually beneficial.
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A lender is permitted to deny an applicant credit based on which of the following factors?
a. The applicant receives public assistance b. The applicant has participated in a consumer credit counseling program c. The applicant lacks income stability d. The applicant is divorced
Resistance to change can be positive if it leads to open discussion and debate
Indicate whether the statement is true or false