Asked by Morgan Beasley on May 22, 2024
Verified
In a joint venture, the burden of ownership, control, and profits falls on the market entry firm.
Joint Venture
Formed when a firm entering a new market pools its resources with those of a local firm to form a new company in which ownership, control, and profits are shared.
- Recognize the traits and tactics involved in penetrating international markets.
Verified Answer
PS
Projesh Sarker 181-11-5768May 27, 2024
Final Answer :
False
Explanation :
In a joint venture, ownership, control, and profits are shared between the market entry firm and the local firm.
Learning Objectives
- Recognize the traits and tactics involved in penetrating international markets.
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