Asked by Morgan McCord on Apr 24, 2024
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A strategic alliance that involves the development of preferred supplier relationships to guarantee a smooth and timely flow of quality materials among partners is known as an outsourcing alliance.
Outsourcing Alliance
A partnership where a company contracts out certain services or processes to another company, aiming to leverage specialized skills or cost advantages.
Preferred Supplier
A business that has been given a status that prioritizes its goods or services over others due to its quality, reliability, or cost-effectiveness.
Strategic Alliance
An alliance between two or more firms aiming to achieve common goals, with each maintaining their separate entity status.
- Recognize different types of strategic alliances and their purposes.
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Learning Objectives
- Recognize different types of strategic alliances and their purposes.
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