One characteristic of an international joint venture is all parties sharing the risk of a major project.

Question

Quizplus · Accepted Answer

Joint ventures create a partnership in which companies join to undertake a major project. Benefits of international joint ventures are (1) shared technology and risk; (2) shared marketing and management expertise; and (3) entry into markets where foreign companies are often not allowed unless goods are produced locally.

One Characteristic of an International Joint Venture Is All Parties