A joint venture involves a company entering foreign markets by partnering with foreign companies to produce or market a product or service.

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A joint venture is a business agreement in which two or more companies join together to undertake a particular business project, with each company contributing its own resources and expertise. In the context of international business, a joint venture often involves a company from one country partnering with a company from another country to enter that country's market.

A Joint Venture Involves a Company Entering Foreign Markets by Partnering