Which of the following strategies for entering international markets results in two or more companies agreeing to work together, with each of the companies owning part of the new enterprise?

Question

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A joint venture is a strategic alliance where two or more parties, usually businesses, agree to create a new entity by both contributing equity, sharing revenues, expenses, and control of the enterprise. This is distinct from the other options as it specifically involves collaboration and shared ownership in a new venture.

Which of the Following Strategies for Entering International Markets Results