A company that lacks sufficient resources to operate in another country may choose to form a(n) _______ by finding a local partner to share the costs and operation of the business. A. importing agreement B. outsourcing partnership C. joint venture D. direct investment.
Question & Answer
Joint venture entry strategy
1 Answer
Verified archiveThe correct answer is C. joint venture.
A joint venture is an arrangement where two or more parties come together to pool resources for a specific project or business purpose, sharing both the costs and operations. This is often used by companies lacking sufficient resources to enter a foreign market by partnering with a local business that has the necessary expertise and infrastructure.