A Disadvantage of Entering Global Competition Through a Joint Venture

Multiple Choice

A disadvantage of entering global competition through a joint venture is that

A) It often aggravates political issues and incurs protectionist measures.
B) The partner's ideas about local tastes and preferences may interfere with standardized operations.
C) Conflict over control within joint ventures causes many of them to fail.
D) It is the most expensive and risky option for entering a global market.
E) There is seldom a formal agreement in place covering the joint venture.