When a firm pools its resources with that of a local firm to enter a new market, they create a(n)

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When a firm pools its resources with that of a local firm to enter a new market, they create a joint venture. This is a partnership between two or more companies that work together to achieve a specific goal, such as entering a new market or developing a new product. Both companies share the risks and rewards of the venture, with each contributing resources such as capital, expertise, and technology.

When a Firm Pools Its Resources with That of a Local