Strategic alliances are
A. the best way to help insulate a firm from the adverse impacts of industry driving forces.
B. best used to insulate a company from the impact of the five competitive forces.
C. collaborative formal arrangements where two or more companies join forces and agree to work cooperatively toward some strategically relevant objective.
D. a proven means of reducing the costs of performing value chain activities.
E. the cheapest means of developing new technologies and getting new products to market quickly.
Answer: C
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