A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country is called a ________.
A) brokering agreement
B) joint venture
C) franchising agreement
D) foreign subsidiary

Question

Quizplus · Accepted Answer

A joint venture involves two or more parties, often from different countries, collaborating to share costs, risks, and resources for a specific project or business activity, such as developing new products or building facilities.

A Domestic Firm and a Foreign Firm Sharing the Cost