Question

Joint ventures: a. are an alternative to new ventures. b. are attractive when entry barriers are high. c. are attractive when speed is important. d. reduce the risk of loss of proprietary knowledge. e. should be done on a small scale.

Answer 1

Are an alternative to new ventures.

Step-by-step explanation:

Joint ventures is a business arrangement between two of more organisations to form a partnership. The oganisations involved share ownership, profits, investments.

A joint venture provides access to a large number of resources and it also provides the opportunity to gain new insight and expertise.

Different organizations enter into joint venture for either the purpose of a production process or research avtivity.