Question

Which is true as far as a Joint Venture is concerned?

• A. The dual ownership arrangement may not lead to conflicts, resulting in battle for control between the investing firms.
• B. Foreign firms entering into joint ventures does not share the technology and trade secrets with local firms.
• C. Joint venture is a very common strategy for entering into foreign markets.
• D. All of the above

Answer 1

The correct option is C Joint venture is a very common strategy for entering into foreign markets.

A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.