A ________ is a company that is partly owned by a host country firm and partly owned by another firm,or a consortium of firms.
A) joint venture
B) multinational corporation
C) transnational corporation
D) multidomestic company

Question

Quizplus · Accepted Answer

A joint venture is a type of business arrangement in which two or more companies come together to form a new entity. In this case, the joint venture is partially owned by a local company and another foreign or domestic company. The purpose of the joint venture is usually to leverage the strengths and resources of each company to achieve a common goal, such as entering a new market, developing a new product or service, or sharing knowledge and expertise.

A ________ Is a Company That Is Partly Owned by a Host