Identify a benefit of using a joint venture to enter a foreign market.
A) It entails minimum risk.
B) It provides access to an established distribution network in the host country.
C) It yields the highest returns.
D) It retains full control of its investment in the host country.
E) It is the best strategy for countries with psychic proximity.

Question

Quizplus · Accepted Answer

By partnering with a local firm in a joint venture, a company can gain access to an established distribution network in the host country. This can help the company to reach target customers more quickly and efficiently than trying to establish its own distribution channels.

Identify a Benefit of Using a Joint Venture to Enter