A Joint Venture in International Marketing Is

A joint venture in international marketing is:

A) contracting with a foreign firm to manufacture products according to certain specifications.
B) having a company handle its own exports directly, without intermediaries.
C) offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.
D) when a foreign company and a local firm invest together to create a local business.