A company that wants to enter a new geographic market within China or Saudi Arabia should avoid joint ventures with companies that are based in that country. Partnering with a foreign entity props up that entity's business rather than weakening it through competition.
Answer the following statement true (T) or false (F)
False
When foreign firms enter new geographic markets, some governments, such as Saudi Arabia or China, require that these firms have a local joint venture partner before doing business in their countries. While the foreign firm can benefit from local expertise and contacts, it is exposed to the risk that some of its proprietary know-how may be appropriated by the foreign partner.
You might also like to view...
What are Generally Accepted Accounting Principles (GAAP)? Which entity is currently responsible for determining GAAP?
What will be an ideal response
Common tools and techniques used for developing a list of project risks include
A) cause-and-effect diagrams. B) checklists. C) mind mapping. D) all of the above.
Some existing criminal statutes apply to activity over the Internet, such as statutes that prohibit money laundering
Indicate whether the statement is true or false
During the cash conversion period, the firm has the benefit of the financing provided by the supplier.
Answer the following statement true (T) or false (F)