Identify a Benefit of Using Joint Ventures to Enter a Foreign

question 149

Multiple Choice

Identify a benefit of using joint ventures to enter a foreign market.

• A) It entails minimum risk.
• B) It provides access to an established distribution network in the host country.
• C) It yields the highest returns.
• D) It retains full control of its investment in the host country.
• E) It is the best strategy for countries with psychic proximity.

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Definitions:

Organizational Goals

The objectives or targets that an organization aims to achieve, which guide its strategic planning and operations.

Strategic Framework

An overarching plan or structure that outlines an organization's strategy, including its goals, principles, and approaches to achieving its objectives.

Structural Variables

Factors that define the organizational structure, such as departmentalization, chain of command, span of control, and centralization or decentralization.

Work Division

The process of dividing tasks, responsibilities, and workloads among individuals or teams to improve efficiency and productivity.