Once a company has decided to enter the global marketplace,it must select a means of market entry.One of the four general options is
A) franchising.
B) joint venture.
C) cooperative.
D) multiparty initiative.
E) mutual investment.

Question

Quizplus · Accepted Answer

Joint venture is the best option for a company entering the global marketplace because it allows the company to share risks and resources with a local partner, gaining local expertise and knowledge in the process. By entering into a joint venture, the company can benefit from the partner's established networks, reputation, and market insight. This strategy also helps the company to overcome local regulations and cultural barriers that may hinder its entry into new markets. Overall, joint ventures can provide a faster, smoother, and less risky means of expanding into international markets.

Once a Company Has Decided to Enter the Global Marketplace,it