When a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity,it is called _____________.
A) licensing
B) contract manufacturing
C) a joint venture
D) a direct foreign investment

Question

Quizplus · Accepted Answer

A joint venture occurs when a domestic firm partners with a foreign company to create a new entity, sharing resources, risks, and profits.

When a Domestic Firm Buys Part of a Foreign Company