The most important factor that determines the success or failure of an international joint venture is the ________.
A) amount of financial investment
B) need for technology
C) type of industry
D) choice of partner

Question

Quizplus · Accepted Answer

The choice of partner is the most crucial factor in determining the success or failure of an international joint venture. A compatible partner should share similar goals, values, work ethics, and business culture. A partner who has the required resources, skills, and experience to contribute to the venture's success is also essential. An incompatible partner can lead to communication and cultural barriers, disagreement over control and decision-making, and loss of investment.

The Most Important Factor That Determines the Success or Failure