When U.S. companies face unfamiliar legal and cultural barriers in another country, it is preferable to buy an existing business than to enter into a joint venture.

Question

Quizplus · Accepted Answer

Buying an existing business can provide immediate access to a new market, but it does not inherently solve the challenges of unfamiliar legal and cultural barriers. A joint venture with a local partner can offer valuable insights, resources, and expertise in navigating these specific challenges effectively.

When US Companies Face Unfamiliar Legal and Cultural Barriers in Another