How does a market expand or emerge due to joint venture?

1.	How does a market expand or emerge due to joint venture?
Answer» When a business unit undergoes joint venture with a business unit of a foreign country the market expands and even a new market may emerge. For example, when an Indian company enters into a joint venture with a foreign country, the market expands in India due to the new products, services, brand and strategies that the foreign country offers.

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