15. All of the following are advantages of a joint venture except _____. a. having complete control...

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15. All of the following are advantages of a joint venture except _____.

a. having complete control of the operation of the entity

b. benefiting from local partners’ knowledge about the foreign market

c. sharing development costs with a local partner

d. sharing the risks of opening up a foreign market with a local partner

e. gaining access to markets that are often closed to foreign investors

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