Caterpillar,Inc.is the world's largest manufacturer of earthmoving and construction equipment.Kirovsky is a large Russian manufacturer of the same type of products.The two companies entered into a(n)_____ and created NEVAMASH,a new company.
A) import/export partnership
B) countertrade
C) disintermediation agreement
D) joint venture
E) franchise

Question

Quizplus · Accepted Answer

Joint ventures are situations in which one international firm assumes an equity position (partial ownership)in another international firm to manufacture and/or market the first company's goods.