Typically,______________________ are arrangements in which an MNC agrees to undertake a project in a foreign country in conjunction with local firms and to share both the responsibilities and profits involved in the project.

Question

Quizplus · Accepted Answer

Joint venture agreements typically involve MNCs partnering with local firms in a foreign country to undertake a project and sharing the responsibilities and profits. Partnerships may also involve sharing responsibilities and profits, but they may not necessarily involve a foreign country or an MNC. Trade agreements and sale and manufacture agreements may involve MNCs and foreign countries, but they do not necessarily involve sharing responsibilities and profits with local firms in the foreign country.

Typically,______________________ Are Arrangements in Which an MNC Agrees to Undertake