Q.1) Explain the concept of Equity Joint Venture to a potential focal firm. What are its characteristics, benefits and pitfalls? (5.0 Marks) Q.2) Analyse the joint venture model of Slimline and discuss the benefits of this joint venture to each of the participating companies (5.0 Marks) Q.3) Why did each choose to participate in the joint venture rather than operate its own wholly owned subsidiary? (5.0 Marks) Q.4) From the perspective of each of the partners, are there any potential pitfalls to joining this joint venture? (5.0 Marks)