What Is the Primary Distinction Between a Joint Venture and a Strategic

question 36

Multiple Choice

What is the primary distinction between a joint venture and a strategic alliance in international marketing?

• A)Strategic alliances are only formed between companies from well-developed countries whereas joint ventures are between companies from economically-diverse countries.
• B)A joint venture involves only two companies whereas a strategic alliance is formed between three or more companies.
• C)A strategic alliance is formed by companies who have traditionally been rivals,which is not the case with a joint venture.
• D)A joint venture is formed between companies with dissimilar product offerings while a strategic alliance is formed between companies with similar product offerings.
• E)A joint venture is simply a financial investment in a foreign firm while a strategic alliance involves more than just financial support.

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Definitions:

Job Enlargement

The process of increasing the number and variety of tasks that an individual performs within their job to enhance job satisfaction.

Job Rotation

A strategy where employees rotate between different jobs or tasks within an organization to gain varied skills and reduce monotony.

Soft Skills

Personal attributes that enable someone to interact effectively and harmoniously with other people.

Team Skills

Abilities and competencies that enable individuals to work effectively as part of a group.