There has been a steady decline in the use of international joint ventures (where two or more firms create a new business entity) as an internationalisation option.

Question

Quizplus · Accepted Answer

International joint ventures remain a popular option for companies looking to internationalize, as they allow firms to share risks, access new markets, and combine resources and expertise. While the popularity of different internationalization strategies can fluctuate due to global economic conditions, technological advancements, and regulatory changes, international joint ventures continue to be a significant approach for firms seeking to expand their operations globally.

There Has Been a Steady Decline in the Use of International