The advantages of alliances designed to respond to competition and to reduce uncertainty are more temporary than those developed through complementary alliances, such as vertical and horizontal strategic alliances

The fact that the prices consumers pay for branded breakfast cereals are above the prices that would exist if there were true competition suggests that the cereal manufacturers are engaging in:

Offshore Oil Exploration Partners (OOEP) has entered into a cooperative strategy with Malay Petroleum. The resulting documents are long, formal, and detailed. They specify detailed responsibilities of each partner and include methods of monitoring accounting and technical procedures. OOEP and Malay Petroleum are using the __________ management approach.

When substantial debt is used to finance acquisitions, firms with successful acquisitions:

Of the four business-level cooperative strategies, the competition-reducing strategy has the lowest probability of creating a sustainable advantage

There is no difference between a merger and an acquisition

A transnational strategy is difficult to use because of its conflicting goals

Acquisitions, greenfield ventures, and sometimes joint ventures are appropriate when firms want to establish a strong presence in an international market

A global strategy:

The two dominant types of complementary strategic alliances are: