A joint venture is formed when a firm Blank______ a new market and Blank______ its resources with those of a local firm to form a new, shared company.Multiple choice question.exits; exportsenters; importsexits; poolsenters; pools

A(n) Blank______ is when two firms agree to join and create a combined entity, and a(n) Blank______ is when one firm buys or takes over another firm.Multiple choice question.acquisition; mergerjoint venture; non-equity alliancemerger; acquisitionnon-equity alliance; joint venture

An entrepreneur is most likely to form a joint venture if Blank______.Multiple choice question.entry into a new market or economy is hassle freeinexpensive technology needs to be used in a project run by the entrepreneurhis or her firm has a high degree of synergy with another firmhe or she has adequate financial resources necessary to engage in highly capital-intensive activities

The Blank______ is a relationship between two or more persons or corporations that is created for a specific business undertaking.Multiple choice question.joint venturelimited liability partnershipcooperativelimited partnership

A firm should use an equity alliance, a joint venture, or an outright acquisition in order to gain use of a resource when Blank______.Multiple choice question.the resource is not easily tradedthe tradability of the resource is highthe owner of the firm does not wish to sell the resource

Multiple Choice QuestionA company that lacks sufficient resources to operate in another country may choose to form a(n) Blank______ by finding a local partner to share the costs and operation of the business.Multiple choice question.importing agreementdirect investmentjoint ventureoutsourcing partnership