Flee LLC,a chain of electronic stores,plans to grow geographically.It has tied up with local retailers in international markets to form a new company in which ownership,control,and profits are shared between all involved parties.Which of the following entry strategies is being followed by Flee?

Question

Quizplus · Accepted Answer

A joint venture is formed when the entering retailer pools its resources with a local retailer to form a new company in which ownership,control,and profits are shared.

Flee LLC,a Chain of Electronic Stores,plans to Grow Geographically