Question: Which statement is true regarding joint ventures? Group of answer choices Without market knowledge, joint venture partnership with a local partner can be a viable

Which statement is true regarding joint ventures?
Group of answer choices
Without market knowledge, joint venture partnership with a local partner can be a viable option to establish a presence
All of the above
In selecting partners, companies must pay attention to the cultural compatibility
You might also need to consider the market image, reputation and the customer association of your partner

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