UK's Jaguar Land Rover and China's Chery Automobile formed a partnership to produce Jaguar sedans, Land Rover SUVs, and co-branded vehicles in China. This is an example of which of the following?
A) a joint venture
B) exporting
C) a licensing agreement
D) franchising

Question

Quizplus · Accepted Answer

A joint venture is a strategic partnership between two or more companies to collaborate on a specific project or business activity. In this case, Jaguar Land Rover and Chery Automobile will be working together to produce and sell vehicles in China.

UK's Jaguar Land Rover and China's Chery Automobile Formed a Partnership