Which of the Following Is True About Joint Ventures

question 27

Multiple Choice

Which of the following is true about joint ventures?

• A) A joint venture is a risky way of entering a global market.
• B) Joint ventures are usually the only way a government will allow a foreign company to enter its country.
• C) Joint ventures enable the local firm or government to acquire managerial skills and new technology.
• D) All of these are correct

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Definitions:

Quantity Supplied

The total amount of a product that producers are willing to sell at a given price within a specific time frame.

Export

The act of sending goods or services from one country to another country for sale or trade.

Comparative Advantage

The ability of a country or individual to produce a particular good or service at a lower opportunity cost than others.

Production Possibilities

The different mixes of products and services that a country can generate considering its accessible resources and current technology.