Question: What major advantage does a foreign joint venture have? Multiple Choice It allows full control over the operation by the business originally seeking to expand

What major advantage does a foreign joint venture have?
Multiple Choice
It allows full control over the operation by the business originally seeking to expand internationally.
None of the answers are correct
No equity is exchanged in the joint venture, so no ownership is required in the new venture.
Overall risk is significantly reduced since foreign distributors essentially buy the product and market it.
It allows access to the international market with a partner who has knowledge of the market.
What major advantage does a foreign joint venture have? Multiple Choice

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