A partnership formed by a company in one country with a company in another country for the purpose of pursuing some mutually desirable business undertaking is known as a(n)________.
A)international market agreement
B)direct investment
C)joint venture
D)license agreement
E)franchise agreement

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In the context of international business, it often involves companies from different countries coming together to pursue mutual interests.

A Partnership Formed by a Company in One Country with a Company