Because many countries do not permit foreign companies to purchase and operate facilities in their countries,a company wishing to do business in such a country may share the business costs with a firm from the host country by forming a
A) direct investment.
B) contract manufacturing arrangement.
C) corporation.
D) joint venture.
E) sole proprietorship.

Question

Quizplus · Accepted Answer

A joint venture is a partnership between a foreign firm and a local firm.

Because Many Countries Do Not Permit Foreign Companies to Purchase