Which of the following can cause a firm to choose joint ventures as a mode of expansion into foreign markets?
A) excellent managerial resources
B) lack of sufficient finances
C) lack of redtapism in the host country
D) preferences of target consumers in the host country
E) psychic proximity of the host country

Question

Quizplus · Accepted Answer

Joint ventures can be chosen when a firm lacks sufficient finances, as they allow sharing of costs and risks with a partner.

Which of the Following Can Cause a Firm to Choose