Evergreen Industries and BigTime Technologies have teamed up to produce a more environmentally-friendly automotive engine. This is an example of

A) licensing.
B) foreign direct investment.
C) a joint venture.
D) exporting.
E) local warehousing and selling.

Environmentally-Friendly

Describes practices, products, or policies that are designed to have minimal or beneficial impact on the environment, often emphasizing sustainability and conservation.

Automotive Engine

A type of engine designed specifically for use in vehicles, converting fuel into mechanical energy to power automotive movement.

Joint Venture

is a business arrangement where two or more parties collaborate on a specific project or business activity, sharing resources, risks, and rewards.