Which of the Following Is an Advantage of Joint Ventures

question 114

Multiple Choice

Which of the following is an advantage of joint ventures?

• A) They provide companies an exclusive right to conduct business in a particular location.
• B) They give companies training and assistance with marketing and advertising.
• C) They help companies avoid tariff and nontariff barriers to entry.
• D) They allow companies to earn additional profits without investing more money.

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Definitions:

Total Revenue

Total revenue is the total amount of money received by a company for goods sold or services provided during a certain period.

Foreign Producers

Companies or individuals that produce goods or services in a country other than where the products are consumed.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified time.

Tariff

A tax imposed on imported goods and services to raise their price, thereby protecting domestic industries from foreign competition.