A company is diversifying its supply chain through various strategies. According to the table, which supplier strategy is characterized by shared ownership and strategic cooperation? Supplier Strategy Ownership Competitor Interaction Joint Ventures Shared Ownership Strategic Cooperation Transactional Relationships No Ownership High Competition Distributor Agreements No Ownership Limited Competition Outsourcing Contract-Based Limited Ownership
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✓ Correct answer: C. Joint VenturesAnswer: Joint Ventures Joint ventures are characterized by shared ownership and involve strategic cooperation among the parties. This is distinct from transactional relationships, which involve no ownership and high competition. Distributor agreements lack ownership but have limited competition, while outsourcing involves contract-based services, not ownership.
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