MANAGEMENT

Detailed explanation-1: -Advantages of joint venture access to new markets and distribution networks. increased capacity. sharing of risks and costs (ie liability) with a partner. access to new knowledge and expertise, including specialised staff.

Detailed explanation-2: -Answer and Explanation: Answer: C. They allow companies to earn additional profits without investing more money. Option (c) is a joint venture benefit since it allows participating businesses to utilize the resources of the other parties and achieve more revenues and profits without spending additional cash.

Detailed explanation-3: -The reasons behind forming a joint venture include business expansion, development of new products or moving into new markets, particularly overseas. Your business may have strong potential for growth and you may have innovative ideas and products.

Detailed explanation-4: -The key advantages of international joint ventures include: International joint venture provides access to local reputation, know-how, distribution channels, consumer market, knowledge of the local marketplace, local production facilities or government contracts, among others.