A joint venture with a local partner represents a more extensive form of strategy that is similar to exporting and licensing.

Question

Quizplus · Accepted Answer

A joint venture involves a higher level of commitment, resource sharing, and collaboration with a local partner to establish a new entity, whereas exporting and licensing are less extensive strategies focusing on selling products or allowing the use of intellectual property with less involvement and investment in the local market.

A Joint Venture with a Local Partner Represents a More