A company being forced to form a joint venture with a local company in order to operate in a foreign country is an example of which type of issue faced when expanding services into a foreign market?
A) Identifying global customers
B) Legal and political issues
C) Domestic competitors and the economic climate
D) Labor, facilities, and infrastructure support

Question

Quizplus · Accepted Answer

Legal and political issues are a common challenge when expanding services into a foreign market. A company may face regulations and restrictions that are different from their home country, including requirements to form joint ventures with local companies, as well as political instability and uncertainty.

A Company Being Forced to Form a Joint Venture with a Local