In spring 2020, Toyota and Panasonic announced that the two companies had formed a strategic alliance known as Primearth EV Co. in order to develop new batteries with improved prismatic cells for pure electric cars. This alliance is known as a

The primary reasons that companies opt to expand into foreign markets are to

A blue-ocean strategy

The difference between a merger and an acquisition is that

What are the strategic advantages of being a first-mover? Are there any strategic advantages of being a follower or late-mover?

A weaker U.S. dollar is an economically favorable exchange-rate shift for manufacturing plants based in the United States.

The objective of differentiation is to

Identify and briefly discuss the key reasons why a company may consider expanding outside its domestic market.

A fast-food restaurant stocks bread, meat, sauces, and other main ingredients, but does not assemble and cook its burgers and sandwiches until a customer places an order. Which cost driver is the restaurant efficiently using to cut costs?

A company’s competitive strategy should