A joint venture entails
A) offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or a fee.
B) contracting with a foreign firm to manufacture products according to certain specifications.
C) a foreign company and a local firm investing together to create a local business.
D) having a company handle its own exports directly, but using intermediaries for importing.
E) exporting through an intermediary, which often has the knowledge and means to succeed in selling a firm's products abroad.

Question

Quizplus · Accepted Answer

A joint venture involves a foreign company and a local firm investing together to create a local business, sharing ownership, control, and profits.

A Joint Venture Entails