Having access to partners knowledge and assets is an advantage for equity modes, such as joint ventures.

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Equity modes of international business, such as joint ventures, involve partnering with local companies who have knowledge of the market and access to local assets. This can be a major advantage for the foreign firm, as they can leverage the partner's expertise and resources to navigate unfamiliar territory and achieve success in the local market. Equity modes, such as joint ventures, involve partnering with another entity and sharing knowledge, assets, and resources. This can provide a significant advantage over other forms of entry modes, such as wholly owned subsidiaries.

Having Access to Partners Knowledge and Assets Is an Advantage