A major advantage of using joint ventures in the international arena is

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Joint ventures allow companies to partner with local firms in foreign markets, giving them access to the expertise and knowledge of the local business environment. This can help mitigate risks and aid in navigating local regulations and cultural differences. While joint ventures can also lead to economies of scale and potentially lessen government interference, gaining local know-how is a key advantage.

A Major Advantage of Using Joint Ventures in the International