The ________ arrangement between Ericsson, a Swedish telecommunications firm, and CGCT, a French switch maker, enabled them together to beat out AT&T for a $100 million French contract.
A) franchising
B) protectionism
C) joint venture
D) direct investment
E) exporting

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific task, which in this case enabled Ericsson and CGCT to collaborate and secure the contract.

The ________ Arrangement Between Ericsson, a Swedish Telecommunications Firm, and CGCT