Which statement is true regarding joint ventures?
A) You might also need to consider the market image, reputation and the customer association of your partner
B) In selecting partners, companies must pay attention to the cultural compatibility
C) Without market knowledge, joint venture partnership with a local partner can be a viable option to establish a presence
D) All of the above

Question

Quizplus · Accepted Answer

All of the given statements are true regarding joint ventures. When selecting partners for a joint venture, it is important to consider their market image, reputation, and customer association (A). Cultural compatibility is also crucial to the success of a joint venture (B). Finally, partnering with a local company can be a good option for entering a new market, even without prior market knowledge (C).

Which Statement Is True Regarding Joint Ventures