Question

Rogers Inc. and Sanders Ltd. have entered into a cooperative strategy. The contracts worked out by their legal teams outline the basic terms of the agreement but leave room for flexibility and do not try to anticipate and regulate every circumstance that may arise. Rogers and Sanders are using the _____ cooperative strategy management approach.

a-minimization
b.vertical complementary
c.synergistic
d.opportunity-maximization

Answer 1

Rogers Inc. and Sanders Ltd. are employing the opportunity-maximization cooperative strategy, which allows flexibility and adaptiveness in a cooperative agreement, aligning with free market economy principles where firms freely make their own choices.

Step-by-step explanation:

Rogers Inc. and Sanders Ltd. have used a management approach that’s known for being adaptive and flexible in the face of changing situations and unforeseen events. This is called the opportunity-maximization cooperative strategy management approach.

Unlike contracts that try to define every possible situation, this approach allows for greater flexibility and adaptability, which can be especially beneficial in a market-oriented economy where firms make their own decisions and need to swiftly react to market changes and coordinate efforts for mutual benefit.