From the following modes of international business, identify the mode which involves strategic alliance.

Franchising

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Leasing

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Turnkey Project

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Joint venture

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Solution

The correct option is D Joint venture
Joint ventures involves strategic alliances. The reasons for these alliances may be complementary capabilities and resources such as distribution channels, technology or finance.

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Similar questions

Which one of the following modes of entry brings the firm closer to international markets?

(a) Licensing

(b) Franchising

(d) Joint venture

Which one of the following modes of entry requires higher level of risks?

(a) Licensing

(b) Franchising

(d) Joint venture

Discuss briefly the factors that govern the choice of mode of entry into international business.

State one limitation of export and import as an entry mode of international business.

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