Asked by Tyler Lewis on Jun 23, 2024
Verified
_____ can be best defined as the sharing of the costs and operations of a business between a foreign company and a local partner.
A) Exporting
B) Licensing
C) A direct investment
D) Contract manufacturing
E) A joint venture
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.
- Become familiar with different tactics and models applied in worldwide business operations and their practicality.
Verified Answer
XO
xiang ouyangJun 28, 2024
Final Answer :
E
Explanation :
A joint venture involves the sharing of costs, risks, and operations between a foreign company and a local partner, combining resources to achieve a common goal or project.
Learning Objectives
- Become familiar with different tactics and models applied in worldwide business operations and their practicality.
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