Ever thought about a joint venture? You know when you and a friend light up a joint and try to evade the local law? Sorry, that is probably a more personal join venture. However, a true organizational joint venture is an interesting way to go global. Remember all those cool new cars we saw coming from the joint venture with General Motors and Shanghai Automotive $($SAIC$)$ in China. Which below is MOST accurate concerning this partnership.

Group of answer choices

This joint venture fell under the Chinese local partner rules making this a $50-50$ partnership.

The biggest disadvantage for GM was operating within an unfamiliar Chinese Culture.

GM was the dominant partner given that their global markets access would benefit Shanghai Auto.

The biggest advantage from this global venture was a sharing of profits for Shanghai Auto sales.

Shanghai Auto served as the dominate partner with GM $-$ a minority share $(39\%)$