A __________ operates through co-ownership with local partners.

Question

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A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of achieving a specific goal. In an international context, joint ventures often involve a foreign company partnering with a local company to gain access to local knowledge and expertise, as well as to comply with local regulations. A franchise is a type of business model in which a company grants the right to use its branding and business model to another person or entity in exchange for a fee. A wholly owned subsidiary is a company that is completely owned by another company, usually a parent company. Licensed partner is not a common term in the business world.

A __________ Operates Through Co-Ownership with Local Partners