Entering into strategic alliances and collaborative partnerships can be competitively valuable because

Group of answer choices

they are quite effective in helping a company transfer the risks of threatening external developments to other companies.

they are a powerful way for companies to build loyalty and goodwill among customers with diverse needs and expectations.

working closely with outsiders is essential in developing new technologies and new products in virtually every industry.

they represent highly effective ways to achieve low$-$cost leadership and capture first$-$mover advantages.

cooperative arrangements with other companies are very helpful in racing against rivals to build a strong global presence and$/$or racing to seize opportunities on the frontiers of advancing technology.