Business, 18.07.2020 16:01 school4life110

A joint venture is an attractive way for a company to enter a new industry when: Group of answer choices it needs access to economies of scope and good financial fits in order to be cost-competitive. the firm has no prior experience with diversification. a firm is missing some essential skills or capabilities or resources and needs a partner to supply the missing expertise and competencies or fill the resource gaps. it has not built up a hoard of cash with which to finance a diversification effort. it is uneconomical for the firm to achieve economies of scope on its own initiative.

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A joint venture is an attractive way for a company to enter a new industry when: Group of answer cho...