One Advantage of Joint Ventures Is That

question 105

Multiple Choice

One advantage of joint ventures is that

• A) the foreign firm benefits from a local partner's knowledge of the host country.
• B) the foreign firm can protect its technology from being appropriated by its local partner.
• C) there is less cause for friction and conflict between the foreign and local partners.
• D) it gives a firm tight control over subsidiaries, which enables it to realize experience curve or location economies.
• E) the foreign firm does not have to bear any development costs and risks associated with opening a foreign market.

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Definitions:

Transverse Foramen

A characteristic feature of cervical vertebrae, through which the vertebral arteries pass.

Xiphoid Process

The smallest and most inferior part of the sternum, or breastbone, contributing to the definition of the lower boundary of the thoracic cavity.

False Ribs

The lower ribs (usually ribs 8 through 12) that are not directly attached to the sternum but are connected to the true ribs above them by cartilage.

Costal Cartilage

Bars of hyaline cartilage that extend the ribs anteriorly and contribute to the elasticity of the chest wall.