Foreign firms should seek alliances with well-qualified local companies in countries characterized by inadequate legal and political frameworks because ________.
A) such alliances help eliminate business risks completely
B) through such partners, foreign firms can access local market knowledge
C) such alliances help foreign firms function without distributor networks
D) the dominance of family conglomerates in emerging economies is fast declining

Question

Quizplus · Accepted Answer

Such alliances enable foreign firms to leverage the local market knowledge of their partners, which is particularly valuable in navigating the complexities of markets characterized by inadequate legal and political frameworks.

Foreign Firms Should Seek Alliances with Well-Qualified Local Companies in Countries