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Unformatted text preview: MGMT 4070 Joint Ventures There is a magnitude of strategies that exist in todays environment upon which potential or existing businesses can conduct themselves. Depending on the type of product or service offered by a company, different strategies are more appropriate. A resolution to fashion goods or services between two or more companies is called a joint venture. An international joint venture specifically focuses on a joint venture between a Multi-National Corporation (MNC) and a business from the local area of where the good or service is to be produced. Joint ventures offer clients both potential benefits while incurring high investments and greater potential risks than operating as a single business entity. Joint ventures effectively offer businesses a method or participating in the production of certain goods or services that would be otherwise impractical to pursue. An international joint certain goods or services that would be otherwise impractical to pursue....
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- Spring '08