Strictly speaking,a(n)________ is an entry strategy for a single target country in which the partners share ownership of a newly created business entity.

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, such as entering a new market. In this case, the partners share ownership of a newly created business entity in the target country.

Strictly Speaking,a(n)________ Is an Entry Strategy for a Single Target