Human Computer Interaction
21.In a joint venture, a firm benefits from a local partner's knowledge of the host country's competitive conditions, culture, language, political systems, and business systems. 

22.In international business, joint ventures with local partners face a significantly higher risk of being subject to nationalization. 

23.In terms of the entry modes into a foreign market, a joint venture does not give an international firm the tight control over subsidiaries that might be required to realize experience curve or location economies. 

24.When a firm's competitive advantage is based on technological competence, a joint venture is the preferred mode of entry into a foreign market because it reduces the risk of losing control over that competence. 

25.An advantage of a wholly owned subsidiary is that it may be required if a firm is trying to realize location and experience curve economies. 

26.Establishing a wholly owned subsidiary gives an international firm a 100 percent share in the profits generated in a foreign market. 

27.Establishing a wholly owned subsidiary is generally the cheapest method of serving a foreign market from a capital investment standpoint. 

28.If an international firm’s core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology to the joint-venture partner. 

29.An advantage of licensing and franchising is the low development costs and risks. 

30.An international firm that perceives its technological advantage to be transitory and susceptive to rapid imitation might want to license its technology to foreign firms.