Joint ventures are able to operate on low cost of production.

True

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False

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Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

(a) Licensing

(b) Franchising

(d) Joint venture

Innovation and low cost to production are two of the unique features of Joint Ventures.

Innovation and low cost to production is one of the unique features of Joint Ventures.

Advantages of low cost production in small business?

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