Which of the following is instrumental in increasing the probability of a joint venture’s success?
a.
Large-scale entry
b.
When the companies share complementary skills or distinctive competencies
c.
The duplication of facilities or functions are eliminated, and any unwanted business units are divested
d.
Companies have a strong competency in the R&D unit and devote funding for continuing research
e.
The companies bidding strategy is well-developed and timed correctly
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Answer:
The correct option is 'C'.
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