Which of the following is considered a foreign production approach to international marketing?

Question

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Joint venture is a foreign production approach to international marketing where a firm collaborates with a foreign company to establish a new entity for production and marketing. This approach allows firms to gain access to local resources and knowledge, reduce costs, and share risks in foreign markets. The other options (A, C, D, and E) are foreign market entry modes, but they do not involve foreign production.

Which of the Following Is Considered a Foreign Production Approach