“Strategic alliances, joint ventures, and other cooperative agreements with foreign companies are a favorite and potentially fruitful means for entering a foreign market or strengthening a firm’s competitiveness in world markets.” List and fully explain three potential strengths and three potential pitfalls to these foreign cooperative agreements.

Answer rating: 100% (QA)

Three potential strengths are 1Economies of scale in production and market This enables large companies to realize economies of scale that reduce cost... View the full answer