An important feature of an equity joint venture is that:
A) it is characterized by one group's merely providing a service to another.
B) it involves a financial investment by a multinational company (MNC) in a business enterprise with a local partner.
C) it organizes worldwide operations based primarily on function and secondarily on product.
D) it provides the most benefits when the need for product specification or differentiation is high.

Question

Quizplus · Accepted Answer

An important feature of an equity joint venture is that it involves a financial investment by multinational company (MNC) parties involved. Many variations of this arrangement adjust the degree of control that each of the parties will have and the amount of money, technological expertise, and managerial expertise each will contribute to the joint venture (JV).

An Important Feature of an Equity Joint Venture Is That