Elance Exams Answers PDF file

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In which situation would a joint venture make the most sense?

A successful company that specializes in high end cat food with little market share and a successful company that specializes in low grade cat food with plenty of market share
A very competive industry in which one competitor wants to try something new and brings in another competitor to make the process is smoother
A telecommunications company who wishes to expand its network coverage and a competitor who owns several cell phone towers
A traditional software company that wants to expand into retail and a marketing company who specializes in retail sales
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