An advantage of joint ventures with a local partner is the knowledge of the local environment that the local partner contributes to the venture.

Name: An advantage of joint ventures with a local partner is the knowledge of the local environment that the local partner contributes to the venture.
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Joint ventures with a local partner allow for access to their expertise and understanding of the local market, culture, and regulations, which can be valuable when doing business in a new environment.

An Advantage of Joint Ventures with a Local Partner Is