Hershey recently linked with Indian-based Godrej Beverages and Foods to make and distribute its chocolates in that country.When it comes to selling chocolate in India,Hershey will need all the help it can get from its new local partner.This is an example of which joint venture?
A) Licensing
B) Contract manufacturing
C) Management contracting
D) Joint ownership
E) Indirect exporting

Question

Hershey recently linked with Indian-based Godrej Beverages and Foods to make and distribute its chocolates in that country.When it comes to selling chocolate in India,Hershey will need all the help it can get from its new local partner.This is an example of which joint venture?
A)	Licensing
B)	Contract manufacturing
C)	Management contracting
D)	Joint ownership
E)	Indirect exporting

Quizplus · Accepted Answer

This is an example of a joint ownership venture, where Hershey has partnered with Godrej Beverages and Foods to produce and distribute its chocolates in India. This involves both companies sharing ownership and control over the operation, combining resources and expertise to penetrate the Indian market.

Hershey Recently Linked with Indian-Based Godrej Beverages and Foods to Make