Many companies prefer joint ventures rather than wholly-owned subsidiaries in other countries because the joint venture gives the parent company more control.

Question

Quizplus · Accepted Answer

This statement is false. Joint ventures typically involve the sharing of control and decision-making between the parent company and the local partner. Wholly-owned subsidiaries, on the other hand, give the parent company full control and ownership of the foreign operation.

Many Companies Prefer Joint Ventures Rather Than Wholly-Owned Subsidiaries in Other