The difference between exporting and joint venturing is that joint venturing involves ________.
A)lesser risk
B)production of goods mainly in the home country
C)lesser changes in a company's product lines
D)association with a host country partner to sell abroad
E)lesser investment

Question

Quizplus · Accepted Answer

Joint venturing involves partnering with a local company in a foreign market to produce goods or services and sell them abroad. It typically involves a higher level of risk and investment than simply exporting products from the home country. However, it also allows for greater access to local knowledge, resources, and distribution channels. Exporting, on the other hand, involves producing goods in the home country and selling them in foreign markets without a local partner.

The Difference Between Exporting and Joint Venturing Is That Joint