A(n)____ strategy involves a partnership with a long-term commitment that can be used to acquire new technology and information.
A) direct investment
B) joint venture
C) licensing
D) importing/exporting
E) pure domestic

Question

Quizplus · Accepted Answer

A joint venture involves a partnership between two or more companies with a long-term commitment to a specific project or objective. This type of strategy can be used to acquire new technology and information, as both parties work together and share resources and expertise. Joint ventures also allow companies to share the risks and costs of entering into a new market or expanding their operations.

A(n)____ Strategy Involves a Partnership with a Long-Term Commitment That