A _____,a mode of entry into foreign markets,entails establishing a firm that is collectively owned by two or more otherwise independent firms.
A) licensing agreement
B) wholly owned subsidiary
C) franchising agreement
D) joint venture
E) greenfield investment

Question

Quizplus · Accepted Answer

A joint venture involves two or more independent firms collectively establishing and owning a new business entity to enter foreign markets. The other options involve one firm having more control or ownership over the foreign market entry.

A _____,A Mode of Entry into Foreign Markets,entails Establishing a Firm