Benefits of Joint Ventures May Include

question 41

Multiple Choice

Benefits of joint ventures may include:

• A) the ability to respond to strong nationalistic sentiment in the host nation.
• B) access to expertise that the company lacks.
• C) differing strategies and cultures of the partners.
• D) two of the above.
• E) all of A, B, and C.

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Definitions:

Specialists

Professionals who have a high degree of expertise in a specific subject, field, or activity, often requiring advanced education or training.

Blind Conformity

The phenomenon where individuals comply with societal norms and rules without questioning or understanding their purpose.

Collectivist Cultures

societies or groups where people prioritize the goals and well-being of the community over individual achievements.

Organizational Politics

Utilizing authority and social networks inside an organization to drive improvements that are beneficial for either the organization or its members.