One characteristic of an international joint venture is all parties sharing the risk of a major project.
Joint ventures create a partnership in which companies join to undertake a major project.Benefits of international joint ventures are (1)shared technology and risk; (2)shared marketing and management expertise;and (3)entry into markets where foreign companies are often not allowed unless goods are produced locally.

Question

Quizplus · Accepted Answer

This statement correctly describes the characteristic of risk-sharing in international joint ventures, as well as some of the benefits of such partnerships.

One Characteristic of an International Joint Venture Is All Parties