In international marketing, a _____ is a partnership arrangement in which the foreign operation is owned in part by a domestic company and in part by a foreign company.

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task. In the context of international marketing, this often involves a domestic company partnering with a foreign company to operate in the foreign country, with ownership and profits shared among the partners.

In International Marketing, a _____ Is a Partnership Arrangement in Which