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Strategic Alliance in Business: Definition, Advantages & Disadvantages

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the best explanation of a strategic alliance in business?

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1. Which one of the following is not an advantage in forming a strategic alliance?

2. How might a strategic alliance with a foreign company backfire given its foreign nature?

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About This Quiz & Worksheet

This quiz and corresponding worksheet combo helps you assess your understanding of strategic alliance in business. Topics you will need to know to pass the quiz include benefits and cons of strategic alliance.

Quiz & Worksheet Goals

Use this quiz and worksheet to review:

  • Definition of strategic alliance
  • Advantages of forming a strategic alliance
  • Cons of a strategic alliance
  • How strategic alliances with foreign companies can backfire

Skills Practiced

This quiz and worksheet can help you practice the following skills:

  • Making connections - use your understanding of the concept of strategic alliance
  • Information recall - access the knowledge you have gained regarding the cons of a strategic alliance
  • Knowledge application - use your knowledge to answer questions about the advantages of forming a strategic alliance

Additional Learning

To learn more about strategic alliances, check out the corresponding lesson Strategic Alliance in Business: Definition, Advantages & Disadvantages. This lesson will help you:

  • Define strategic alliance
  • Identify the benefits of forming a strategic alliance
  • Review the cons of strategic alliances
  • Determine risks associated with forming a strategic alliance with a foreign company
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