An Advantage of Joint Ventures with a Local Partner Is

question 62

True/False

An advantage of joint ventures with a local partner is the knowledge of the local environment that the local partner contributes to the venture.

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Definitions:

Legitimacy

The general perception or recognition that an entity's actions are desirable, proper, or appropriate within some socially constructed system of norms, values, beliefs, and definitions.

Dormant Stakeholder

An individual or group with an interest or concern in a project or business but currently inactive or not engaged.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Discretionary Stakeholder

Stakeholders whose involvement with an organization or project is based on choice rather than necessity or contractual obligation.