A Joint Venture in International Marketing Is

A joint venture in international marketing is:

A) offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.
B) contracting with a foreign firm to manufacture products according to certain specifications.
C) when a foreign company and a local firm invest together to create a local business.
D) having a company handle its own exports directly, without intermediaries.