Award 100 point 85 many foreign countries favor joint

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Award: 1.00 point1.00 point85. Many foreign countries favor joint ventures because theyeliminate the need for international arbitration.reduce the legal risk for domestic firms.eliminate the need for a bill of lading and an irrevocable letter of credit in foreigntransactions.allow local individuals and firms to participate in the benefits of economic growth.decrease the need for export controls.Feedback: Many foreign countries favor joint ventures because they allow local individuals and firmsto participate in the benefits of economic growth and decrease the risk of foreign domination oflocal industry. Many of the developing countries require that the local partner have majority equitycontrol of a venture and also insist on joint ventures with government participation.ReferencesReferencesMultiple ChoiceMultiple ChoiceDifficulty: 2 MediumLearning Objective: 12-04 To grasp thebasic methods of transacting internationalbusiness
509.Award: 1.00 point1.00 point86. A joint venture takes place when a companychooses to grant a foreign firm the means to produce and sell its product.

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