Among the value-neutral incentives to diversify, some come from the firm’s external environment while others are internal to the firm. External incentives to diversify include:

A cooperative agreement between a hotel chain and a casino operator would be viewed as a horizontal complementary strategic alliance because as separate entities, the two firms would compete for the same customer

Some cooperative strategies focus on reducing uncertainty

Among the challenges associated with integration processes is the need to link different financial and control systems

Arguably, there are three types of diversification. Which of the following is not one of them? 

__________ and __________ describe the situation in which organizations are direct competitors and are fully aware of the competition.

Awareness tends to be greatest when firms have highly similar resources and compete in multiple markets

Three sources of flexibility in completing primary and support activities are particularly useful for firms using the integrated strategy. These are:

International diversification is a strategy through which a firm expands the sale of its goods or services across the borders of global regions and countries into a potentially large number of geographic locations of markets. Instead of entering one or just a few markets, the international diversification means that the firm enters multiple markets

Tacit collusion tends to be least used as a business-level, competition-reducing strategy in highly concentrated industries such as airlines and breakfast cereals because it results in higher prices for consumers