if a firm is entering a market where there are well - established incumbent enterprises, and where global…

if a firm is entering a market where there are well - established incumbent enterprises, and where global competitors are also interested in establishing a presence, it may pay the firm to enter via a(n):\n a. franchise\n b. joint venture\n c. acquisition\n d. government subsidy\n e. greenfield venture

if a firm is entering a market where there are well - established incumbent enterprises, and where global competitors are also interested in establishing a presence, it may pay the firm to enter via a(n):\n a. franchise\n b. joint venture\n c. acquisition\n d. government subsidy\n e. greenfield venture

Answer

Brief Explanations:

A joint - venture is often a way for a firm to enter a market with established incumbents and global competitors' interest. In a joint - venture, partners pool resources and share risks. A franchise involves licensing a business model, an acquisition is buying an existing firm, a government subsidy is financial aid from the government, and a greenfield venture is starting a new operation from scratch. A joint - venture can be a mutually beneficial agreement where existing players may be willing to partner and even pay for entry to gain from the new firm's resources or capabilities.

Answer:

B. joint venture