Which of the following is a key reason that a focal firm would most likely enter a collaborative venture with a foreign firm?
A) The foreign firm can fill an important gap in the focal firm's value chain.
B) The foreign firm requires the focal firm's financial resources to compete locally as well.
C) The focal firm wants to duplicate a competitor's marketing strategies abroad.
D) The market abroad is saturated; there is no scope for the focal firm's products or services.

Question

Quizplus · Accepted Answer

Collaborative ventures often aim to leverage the strengths of each partner. A foreign firm can provide local expertise, resources, or capabilities that the focal firm lacks, effectively filling a gap in the focal firm's value chain and enabling it to operate more effectively in a new market.

Which of the Following Is a Key Reason That a Focal