In most international joint ventures, the division of responsibilities between the international firms and the local company are:
A) Local partners provide manufacturing facilities and management expertise, and the international company provides capital and local marketing expertise
B) Local partners provide product and process technologies, capital management expertise while the international partner provides local manufacturing and a trained workforce
C) Local partners provide market knowledge, manufacturing facilities whilst the international firm provides process technologies, capital and management expertise

Question

Quizplus · Accepted Answer

In most international joint ventures, local partners typically contribute their in-depth market knowledge, existing manufacturing facilities, and sometimes local workforce, which are their strengths. On the other hand, international firms often bring in advanced process technologies, capital investment, and management expertise to complement the local strengths and ensure the success of the venture. This collaboration leverages the unique strengths of both local and international partners.

In Most International Joint Ventures, the Division of Responsibilities Between