A(n) _____ is an agreement in which a foreign business owner pays a company a fee for the right to conduct that business in his or her country.
A)exporting agreement
B)cooperative contract
C)joint venture
D)strategic alliance
E)freetrade agreement

Question

A(n) _____ is an agreement in which a foreign business owner pays a company a fee for the right to conduct that business in his or her country.
A)exporting agreement
B)cooperative contract
C)joint venture
D)strategic alliance
E)free­trade agreement

Quizplus · Accepted Answer

The described agreement is a cooperative contract, as it involves a foreign business owner paying a company a fee for the right to conduct business in the owner's country. Exporting agreements involve selling goods or services to foreign markets, joint ventures involve two or more companies coming together to form a new entity, strategic alliances involve partnering for a specific project or purpose, and free-trade agreements involve reducing tariffs and trade barriers between countries.

A(n) _____ Is an Agreement in Which a Foreign Business