A Joint Venture Is an Attractive Way for a Company

question 69

Multiple Choice

A joint venture is an attractive way for a company to enter a new industry when:

• A) a firm is missing some essential skills,capabilities,or resources and needs a partner to supply the missing expertise and competencies or fill the resource gaps.
• B) it needs access to economies of scope and good financial fits in order to be cost-competitive.
• C) it is uneconomical for the firm to achieve economies of scope on its own initiative.
• D) the firm has no prior experience with diversification.
• E) it has not built up a hoard of cash with which to finance a diversification effort.

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Definitions:

Self-management Approach

A strategy that involves individuals taking initiative and responsibility for their actions and well-being, focusing on setting and achieving personal goals.

Formal Sessions

Scheduled meetings or gatherings that have a structured format, often with specific objectives and procedures.

Decontextualized Manner

An approach or method that removes or ignores the original context or surrounding circumstances of an object, event, or idea.

Environmental Inequities

Disparities in environmental quality and access to healthy environments among different socioeconomic and ethnic groups.