Final answer:
Strategic alliances improve operations by sharing resources and facilitating market entry, but do not offer full control to a single firm. They allow for shared risk, complementary skills in management, and operational efficiency.
Step-by-step explanation:
The benefits of strategic alliances are as follows, except for one incorrect option. Strategic alliances typically improve the performance of operations by sharing resources, create a favorable environment like setting up technology standards, and facilitate entry into new markets. However, they do not provide full control to the firm for efficient operations, as alliances often involve shared governance and decision-making.
Competing corporations may join together in an association for various reasons including strength in numbers, common industry issues, and benefiting from governmental policies. Furthermore, international agreements can serve as a counterweight to domestic protectionist measures. Trade liberalization, improved transportation, and communication have heightened consumer awareness and introduced competition that challenges businesses and can lead to better products for consumers.
In terms of partnerships, benefits include shared responsibility and risk, complementary management skills, and efficiency in operation. In the context of international trade, it helps small economies leverage economies of scale while providing consumer benefits through competition and variety.