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 joint 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

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

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

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

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.