In 2004 Warner Brothers entered into a joint venture with two Chinese partners to produce and distribute films in China. Warner Brothers chose to form this strategic alliance in order to:
A) establish technological standards for the industry that would benefit the firm.
B) bring together complementary skills and assets that neither company could easily develop on its own.
C) share fixed costs and associated risks.
D) facilitate its entry into a foreign market.
Correct Answer:
Verified
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