Asked by Regan Mc Mullan on Apr 29, 2024
Verified
India, like some other countries, may require entering firms to create ________ when expanding into their markets, limiting outsiders' control of businesses.
A) franchises
B) export promotions
C) joint ventures
D) direct investments
E) strategic alliances
Joint Ventures
Business arrangements where two or more parties agree to pool their resources for a specific task, project, or business activity, sharing profits, risks, and control.
Limiting Outsiders' Control
A strategy employed by companies to prevent external parties from gaining too much influence or control over their operations, often through restructuring ownership or voting rights.
- Comprehend different tactics for entering and growing in international markets.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
C
Explanation :
Joint ventures are a common practice in India, where local partners are required by law to hold at least 51% of the equity in the venture. This limits the control that foreign firms may have over the business operations.
Learning Objectives
- Comprehend different tactics for entering and growing in international markets.