Sometimes a country's laws forbid foreigners from owning a business in the nation.In the presence of such laws,a(n)_____ is one way for an American company to have a presence in that foreign country.
A)export agreement
B)MBO pact
C)import agreement
D)bartering union
E)joint venture

Question

Quizplus · Accepted Answer

A joint venture involves a partnership between a foreign company and a local company in the foreign country, allowing the American company to have a presence in the nation without directly owning the business. This is a common strategy used by companies when faced with restrictions on foreign ownership of businesses.

Sometimes a Country's Laws Forbid Foreigners from Owning a Business