Sometimes a country's laws forbid foreigners from ownership within their nation,and the only way an American company can have a presence in that foreign country is with a(n)___.
A)export agreement
B)MBO pact
C)import agreement
D)bartering union
E)joint venture

Question

Quizplus · Accepted Answer

A U.S.firm may form a joint venture,also known as a strategic alliance,with a foreign company to share the risks and rewards of starting a new enterprise together in a foreign country.Sometimes a joint venture is the only way an American company can have a presence in a certain country,whose laws may forbid foreigners from ownership.Indeed,in China this is the only way foreign cars may be sold in that country.

Sometimes a Country's Laws Forbid Foreigners from Ownership Within Their