In a(n)________,a domestic small business forms an alliance with a company in the target nation for the purpose of exporting to that market.
A)foreign joint venture
B)trade intermediary
C)domestic joint venture
D)export management company

Question

Quizplus · Accepted Answer

A foreign joint venture involves a partnership between two businesses from different countries that work together to enter a specific market, in this case the domestic small business forms an alliance with a company in the target nation for the purpose of exporting to that market. This is different from a trade intermediary, which acts as a middleman between the domestic business and foreign buyers and does not involve a partnership. A domestic joint venture involves two domestic businesses partnering together, and an export management company is a firm that helps businesses coordinate and manage their exporting activities, but does not involve a partnership with a foreign company.

In A(n)________,a Domestic Small Business Forms an Alliance with a Company