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Identify a true statement about strategic partnerships.

A. Members of strategic partnerships have a high level of dependence on and trust in each other.
B. Strategic partnerships typically have a shorter time horizon than functional relationships.
C. In this partnership, buyers and sellers are not locked into a continuing relationship; thus, buyers can switch from one supplier to another to make the best possible deal.
D. Strategic partnerships have lower levels of risks than functional relationships.



Answer :

GinnyAnswer

Final answer:

Strategic partnerships involve mutual trust, shared risks, and a long-term commitment between partners.


Explanation:

Strategic partnerships involve interdependence and trust between partners, typically with converging strategic goals and limited access to proprietary skills. They allow companies to share risks and resources while maintaining flexibility in entering international markets. Unlike functional relationships, strategic partnerships often involve a long-term commitment and a higher level of dependence on each other.


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