As project sizes increase in the face of global competition and firms attempt to spread the huge costs of technological innovation,there is a stronger impetus to form joint ventures.

Question

Quizplus · Accepted Answer

As project sizes increase, firms are finding it difficult to bear the huge costs of technological innovation on their own. Joint ventures provide a way to share the costs and risks, making it more appealing for firms to collaborate with each other. Therefore, the statement is true.

As Project Sizes Increase in the Face of Global Competition