Joint ventures are successful, however they can be risky. This is because joint ventures:

a. consist of partners who sometimes cannot agree on management policies.
b. depend heavily on contract manufacturing.
c. are void of government interference.
d. are very different from licensing agreements.


ANSWER: a

In an international joint venture, the domestic firm buys part of a foreign company or joins with a foreign company to create a new entity. While joint ventures can be successful, they can also be very risky. Many fail, and others fall victim to a takeover in which one partner buys out the other. Sometimes joint ventures partners simply cannot agree on management strategies and policies.

Business

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