What advantages do small businesses have in forming a strategic alliance with another small business as opposed to a small business forming an alliance with a large company? Give an example to support the answer.
What will be an ideal response?
According to Inc. researchers, strategic alliances between two small firms are often more flexible, dedicated, creative and understanding of the specific needs of a small business. By combining resources, the alliance may be able to achieve a goal that a single company would not be able to accomplish.?The text discussed an alliance between The Center for Systems Management (CSM) from Vienna, Virginia, and Technovative Marketing from Peapack, New Jersey. By combining their strengths, a contract for NASA was completed successfully. Initially CSM was awarded the contract but realized they could not do it in the time frame NASA needed for the project. Instead of damaging its relationship with NASA, the company asked Technovative Marketing to work, resulting in further projects for the two companies.
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Which of the following statements relating to the way that banks assess credit risk, is irrelevant?
a. the borrower's credit history. b. the quality of the collateral . c. the character of the senior officers of the borrowing firm. d. all of the above are relevant.
The area of control of powerful people in an organization is referred to as territory. _________________________
Answer the following statement true (T) or false (F)
Scenario 8.2 Use the following to answer the questions. KFC opened its first franchised restaurant outside of North America in England in 1964. Now over a billion KFC chicken dinners are sold annually in more than 80 countries and territories around the world. KFC has established its own processing plants in these countries to ensure the quality of its chickens and other food items. In the U.S., the menu at KFC is usually the same in all restaurants, with only a very few additional items available in different regions. However, when KFC first franchised into Asian countries, it added many unusual local delicacies to the menu--items such as fried octopus and squid. Additionally, the franchised stores in Asian countries display cooked food in "plates" near windows at the front of the
store. This is a tradition for many restaurants in these countries--to offer the customer passing by a preliminary view of their product. Refer to Scenario 8.2. Which of the following alliances will KFC most likely utilize to guide its business transactions in Japan and China? A. WTO B. MERCOSUR C. FTAA D. NAFTA E. APEC
The degrees of freedom for a contingency table with 12 rows and 12 columns is _____
a. 144 b. 121 c. 12 d. 120