In Selecting Joint Venture Partners in a Foreign Country, a Company

question 53

Multiple Choice

In selecting joint venture partners in a foreign country, a company should do all of the following EXCEPT:

• A) choose a partner with shared interests in meeting customer needs.
• B) choose a partner that is a new entrant to your firm's line of business.
• C) choose a partner with a strong local market for its own products.
• D) choose a partner with future expansion possibilities.
• E) choose a partner with good profit potential.

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Definitions:

Reciprocity

A social principle involving mutual exchange where actions or exchanges are met with reciprocation.

Organization Skills

The ability to plan, manage time, keep order, and prioritize tasks effectively to increase efficiency and productivity.

Leadership Qualities

Characteristics attributed to individuals who can inspire, influence, and guide others towards achievement of common goals.

Marital Relationship

The dynamic and interpersonal relationship between two individuals in marriage, encompassing emotional, physical, and social dimensions.