Coca-Cola has built 41 bottling plants and two concentrate manufacturing plants with three separate partners in China since 1979. This is an example of a(n)_____.

Question

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Coca-Cola's partnership with Chinese companies to build bottling and concentrate manufacturing plants represents an international joint venture, which involves collaboration between two or more companies from different countries to pursue a specific business opportunity. This differs from a license, which would involve Coca-Cola granting permission for another company in China to use its intellectual property, and a franchise, which would involve Coca-Cola granting the right to operate its business model in exchange for fees and royalties. A foreign acquisition would involve Coca-Cola purchasing an existing company in China outright, whereas a strategic alliance involves collaboration between companies that remains less integrated than an international joint venture.

Coca-Cola Has Built 41 Bottling Plants and Two Concentrate Manufacturing