- 5 Marks
Question
State THREE advantages and TWO disadvantages of joint ventures.
Answer
Advantages:
- Access to new markets and distribution networks.
- Shared costs and risks between the partners.
- Utilization of partner’s expertise and resources.
Disadvantages:
- Conflicts between partners over objectives.
- Unequal levels of expertise, investment, or assets brought into the venture.
- Tags: Business Strategy, Joint Ventures, Partnership
- Level: Level 1
- Topic: Business and Organizational Structures and Choices
- Series: NOV 2021
- Uploader: Theophilus