Shanghai Baosteel Group has a $1.4-billion steel mill in Brazil with Companhia Vale do Rio Doce,the world's largest producer of iron ore.This is an example of a ________.

Question

Quizplus · Accepted Answer

The given scenario describes a joint venture, where two companies - Shanghai Baosteel Group and Companhia Vale do Rio Doce - have come together to set up a steel mill in Brazil. They have jointly invested $1.4 billion in the venture.

Shanghai Baosteel Group Has a $1