Forming a joint venture with an existing foreign company offers all of the following advantages except
A) joining an established firm.
B) requiring less commitment from all parties involved in the joint venture.
C) providing immediate marketing knowledge.
D) providing reduced risk.
E) providing control over product attributes.

Question

Quizplus · Accepted Answer

Forming a joint venture typically requires a significant commitment from all parties involved, as it involves sharing resources, knowledge, and risks to achieve a common goal. The other options (joining an established firm, providing immediate marketing knowledge, reducing risk, and providing control over product attributes) are generally considered advantages of forming a joint venture.

Forming a Joint Venture with an Existing Foreign Company Offers