A domestic and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country is called a ________.
A)franchising agreement
B)joint venture
C)foreign subsidiary
D)brokering agreement
E)production agreement

Question

Quizplus · Accepted Answer

A joint venture is a partnership between a domestic and a foreign firm to share the cost and risks of developing new products or building production facilities in a foreign country. The other options listed do not involve sharing costs or risks in the same way.

A Domestic and a Foreign Firm Sharing the Cost of Developing