Ozark Bikes, Inc., has information that its bicycles will sell in Vietnam. In order to sell its products in Vietnam, the Vietnamese government requires Ozark Bikes to enter into a partnership (also known as a joint venture) with a domestic firm. Both firms will assume costs and risk in the venture.

Question

Quizplus · Accepted Answer

This statement is true as per the information given in the question. The Vietnamese government requires foreign firms like Ozark Bikes to enter into a partnership with a domestic firm in order to sell their products in Vietnam. This partnership is also known as a joint venture and both firms will assume costs and risk in the venture.