Which of the following is an advantage of collaborating?
A) It enables a firm to obtain necessary skills quickly by developing them in-house.
B) It increases a product's cycle time.
C) It gives firms more flexibility.
D) It helps firms to increase their asset commitment.

Question

Quizplus · Accepted Answer

Collaborating gives firms more flexibility by allowing them to work with external partners to fill in gaps in their own capabilities, resources, or knowledge. This can lead to more diverse and innovative product offerings, as well as the ability to respond more quickly to changes in the marketplace.

Which of the Following Is an Advantage of Collaborating