What is an international joint venture?
A)an international agreement between two or more companies to have access to each other's patents
B)the ownership of a company by two or more companies, of which at least one is a foreign company where the venture is located
C)an international agreement between two or more firms for the use of a trademark
D)an agreement between two or more organizations to share management expertise

Question

Quizplus · Accepted Answer

An international joint venture is a business agreement between two or more companies, usually from different countries, to jointly own and run a new business entity in a foreign location. In this type of venture, at least one of the companies involved is a foreign entity.

What Is an International Joint Venture