Joint venture agreements have three major advantages.These are (1)where they may facilitate trade into a foreign market, (2)allow firms to share the fixed costs and developing new products or processes,and (3):
A)a way to bring together the complementary skills and assets of the participants
B)gives competitors a low-cost route to new technology
C)a firm never gives away more than it gains by participating in an alliance
D)give competitors a low-cost route to new markets

Question

Quizplus · Accepted Answer

Joint venture agreements allow firms to bring together their complementary skills and assets. This means that each firm can contribute their strengths to the partnership, allowing for a more successful venture. This collaboration can lead to better innovation and market expansion for both companies.

Joint Venture Agreements Have Three Major Advantages