The Cooper Tire & Rubber Company has been searching for less expensive raw materials for manufacturing its bicycle tires. Cooper has found that there are less expensive sources in the country of Indonesia, but it needs to form a partnership with the government of Indonesia in order to gain access to the country's rubber. What type of partnership will need to be formed?

Question

Quizplus · Accepted Answer

A joint venture would be the most appropriate type of partnership in this situation because Cooper Tire & Rubber Company needs to collaborate with the government of Indonesia to gain access to the country's rubber supply. Both parties would contribute resources and share risks and rewards to achieve a common goal.

The Cooper Tire & Rubber Company Has Been Searching for Less