Kimlee, a food manufacturer based in China, recognizes the immense demand for noodles in the Australian market. Kimlee forms a new business venture to manufacture instant noodles and decides to share possession and control of the new business with a local food processing company. In this case, Kimlee has entered a foreign market through ________.
A) licensing
B) contract manufacturing
C) direct investment
D) joint ownership
E) management contracting

Question

Quizplus · Accepted Answer

Kimlee has entered the Australian market through joint ownership, as they have formed a new business venture with a local food processing company, sharing possession and control of the new business.

Kimlee, a Food Manufacturer Based in China, Recognizes the Immense