Which of the following statements is an advantage of a joint venture?
A) The entering retailer is exempted from trade taxes.
B) Trade laws favor the entering retailer.
C) The entering retailer takes all the profits.
D) The entering retailer has complete control of the operations.
E) The local partner provides an understanding of the market.

Question

Quizplus · Accepted Answer

A joint-venture entry strategy reduces the entrant's risks. In addition to sharing the financial burden, the local partner provides an understanding of the market and has access to local resources, such as vendors and real estate.

Which of the Following Statements Is an Advantage of a Joint