A joint venture may be necessary or desirable for economic or political reasons.The foreign firm might lack the ________,or managerial resources to undertake the venture alone.

Question

Quizplus · Accepted Answer

A joint venture may be necessary if the foreign firm lacks the financial and physical resources to undertake the venture alone, as these are critical for establishing and operating a business in a new market.

A Joint Venture May Be Necessary or Desirable for Economic