Unlike franchising, joint venture partners are unlikely to turn into competitors.

Name: Unlike franchising, joint venture partners are unlikely to turn into competitors.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Like licensing and franchising, joint venture partners can turn into viable competitors that know the firm's operations and competitive strategies. In this case, the local partner will become a serious competitor that is likely to be protected by the government.

Unlike Franchising, Joint Venture Partners Are Unlikely to Turn into Competitors