In the global marketplace,joint ventures are established for various reasons,including
A)reducing risk and achieving a competitive position.
B)complying with government regulations.
C)gaining access to new technology or resources.
D)ease in entering and gaining knowledge of foreign markets.
E)all the above

Question

Quizplus · Accepted Answer

Joint ventures can be established for multiple reasons, including reducing risk through pooling resources, achieving a competitive position by combining strengths, complying with government regulations in a foreign market, gaining access to new technology or resources that a partner possesses, and easing entry into foreign markets through shared knowledge and expertise. Therefore, all of the options listed in the question are valid reasons for establishing a joint venture in the global marketplace.

In the Global Marketplace,joint Ventures Are Established for Various Reasons,including