A joint venture is defined as a subsidiary located in a foreign country that is entirely owned by the parent multinational.

Name: A joint venture is defined as a subsidiary located in a foreign country that is entirely owned by the parent multinational.
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Question

Quizplus · Accepted Answer

A joint venture involves two or more parties coming together to undertake a specific business project, sharing ownership, risks, and profits, whereas a wholly-owned subsidiary is entirely owned by the parent company.

A Joint Venture Is Defined as a Subsidiary Located in a Foreign