In the context of foreign market entry, a ________ is a business relationship established by two or more companies to cooperate out of mutual need and to share risk in achieving a common objective without forming a separate legal entity.
A) direct sales group
B) consortium arrangement
C) franchising arrangement
D) strategic international alliance
E) joint venture
Correct Answer:
Verified
Q67: What is a partnership called in which
Q68: Why are foreign laws and regulations friendly
Q69: The key factors that influence success of
Q70: What refers to two or more participating
Q71: The advantages of _ are most apparent
Q73: Kwan wants to open a new business
Q74: What is true of franchising?
A) It provides
Q75: A direct sales force may be required
Q76: What is the last step in the
Q77: In the context of foreign market entry,
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