Question

Joint ventures offer low potential for leveraging a firm's existing competencies because they typically entail a short-term relationship between two or more firms.
A. True
B. False

Answer 1

Answer:

B. False

Explanation:

The main purpose of the joint venture is to help two or more companies so that they are in the position to gain the competitive advantage. So the potential for firm leverage that is existed would be high instead of low due to this reason also

So as per the given situation, the option b is correct

Hence, the option a is not correct

Answer 2

There are different types of business. Joint ventures offer low potential for leveraging a firm's existing competencies is a False statement.

• A joint venture is known as when two or more businesses gather their resources and expertise together to achieve a set goal.

It is also called a partnership between 2 or more firms where there is significant equity stake by the partners and often resulting in the creation of a new business entity.

Joint ventures uses  a good amount of equity investment from each partner and can lead to the establishment of a new separate entity.

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