Joint ventures allow companies to share risks,costs,profits,and management responsibilities with one or more host country nationals.

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Joint ventures involve two or more parties (usually companies) pooling their resources and expertise to achieve a specific goal, such as entering new markets or developing new products. This collaboration allows them to share risks, costs, profits, and management responsibilities, making it easier to tackle large projects or enter foreign markets.

Joint Ventures Allow Companies to Share Risks,costs,profits,and Management Responsibilities with One