China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?
A) local content laws
B) business practice laws
C) fair trade agreements
D) quotas
E) subsidies

Question

Quizplus · Accepted Answer

A)Local content laws are requirements that products sold in a country be at least partly made there. Firms seeking to do business in a country must either invest there directly or take on a domestic partner.

China and India Require That When Foreign Firms Enter into Joint