In which option would two companies share the ownership, control, and profits of a new company designed to enter a foreign market?
A)exporting
B)joint venture
C)direct investment
D)licensing
E)franchising

Question

Quizplus · Accepted Answer

A joint venture involves two or more companies coming together to form a new company with shared ownership, control, and profits. This new company can then enter a foreign market and operate as a separate entity from the parent companies. This option allows both companies to benefit from the expertise and resources of each other while sharing financial risk and rewards. Exporting, licensing, and franchising do not involve shared ownership and control, and direct investment typically involves one company fully owning and controlling operations in a foreign market.

In Which Option Would Two Companies Share the Ownership, Control