Caterpillar,Inc.is the world's largest manufacturer of earth-moving and construction equipment.Kirovsky is a large Russian manufacturer of the same type of products.When the two companies created NEVAMASH,a new company,what were they entering? .
A)an import/export partnership
B)a countertrade
C)a disintermediation agreement
D)a joint venture

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.