Having set up factories,sales offices,and branch stores in several foreign nations,U.S.
based Crenco has gone global through a form of expansion called a "joint venture."

Question

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Crenco has gone global through a form of expansion called "direct investment," which involves setting up factories, sales offices, and branch stores in foreign nations. A "joint venture" refers to a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, which is not described in the scenario provided.

Having Set Up Factories,sales Offices,and Branch Stores in Several Foreign