A major benefit of cross-border alliances is that they facilitate the access to specific markets where regulations favor domestic companies.

Question

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Cross-border alliances allow companies to access specific markets where regulations may favor domestic companies. By partnering with a local company or forming a joint venture, the foreign company can navigate regulatory hurdles and gain a foothold in the market. This can provide a significant advantage over attempting to enter the market alone.

A Major Benefit of Cross-Border Alliances Is That They Facilitate