Which of the following is an advantage of joint ventures?
A) They provide companies an exclusive right to conduct business in a particular location.
B) They give companies training and assistance with marketing and advertising.
C) They help companies avoid tariff and nontariff barriers to entry.
D) They allow companies to earn additional profits without investing more money.

Question

Quizplus · Accepted Answer

Joint ventures help companies avoid tariff and nontariff barriers to entry by partnering with local firms, which can facilitate easier access to foreign markets and compliance with local regulations.

Which of the Following Is an Advantage of Joint Ventures