________ ventures consist of one company joining forces with foreign investors to create a local business in which they share ownership and control.
A) Joint ownership
B) Licensing
C) Contract manufacturing
D) Management contracting
E) Indirect exporting

Question

Quizplus · Accepted Answer

Joint ownership ventures involve two or more companies creating a local business in which they share ownership and control. This allows for both companies to contribute resources and knowledge to the new venture and benefit from the opportunities available in the foreign market. The other options listed involve different types of international business arrangements, but do not involve the same level of shared ownership and control as joint ownership ventures.

________ Ventures Consist of One Company Joining Forces with Foreign