In the context of internationalization entry tactics, which of the following statements is true of joint ventures?
A) They do not allow foreign firms to enter an unrelated global market.
B) They can make use of the entry tactic to develop its own operations in a new market.
C) They cannot buy an existing joint venture.
D) They can be formed to enter the home market of one of the parent companies.

Question

Quizplus · Accepted Answer

Joint ventures can be formed to enter the home market of one of the parent companies, allowing both parties to leverage their resources and expertise in a familiar market.

In the Context of Internationalization Entry Tactics, Which of the Following