A may be desirable as an entry strategy if one company does not have the necessary financial, physical, or managerial resources to enter a foreign market alone.

Joint Venture

Explanation:

When one company does not have the necessary financial, physical, or managerial resources to enter a foreign market alone, the joint venture is a most suitable arrangement. Joint Venture is a term which is used when two companies add human and financial resources to work for their common benefits. These companies be from different industries or different locations. Usually a local and foreign company makesbthis type of arrangement. Foreign company has access in the market with low cost, less control and low margin,as it has to share with local company which is working in the market on their behalf.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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