Kimlee, a food manufacturer based in China, recognizes the immense demand for noodles in the Australian market. Kimlee forms a new business venture to manufacture instant noodles and decides to share possession and control of the new business with a local food processing company. In this case, Kimlee has entered a foreign market through _ .
A) direct investment
B) management contracting
C) licensing
D) joint ownership
E) contract manufacturing

Question

Quizplus · Accepted Answer

Kimlee has entered the foreign market through joint ownership, as they are sharing possession and control of the new business with a local company.

Kimlee, a Food Manufacturer Based in China, Recognizes the Immense