International joint ventures are types of __________ in which foreign and domestic partners cooperate for mutual gains.
A) foreign subsidiaries
B) global strategic alliances
C) greenfield ventures
D) global sourcing

Question

Quizplus · Accepted Answer

International joint ventures are a type of global strategic alliance where two or more companies from different countries come together to collaborate and share resources. The purpose of these joint ventures is to achieve mutual benefits such as increased market share, improved technology, and reduced costs. Foreign subsidiaries, greenfield ventures, and global sourcing are different types of international business activities.

International Joint Ventures Are Types of __________ in Which Foreign