Compare each descriptor to determine which one accurately characterizes a joint venture.
A)a contractual arrangement in which a fee is paid to have the right to open a business using the parent company's business name and to receive marketing and operational support
B)a contractual arrangement where a foreign firm agrees to manufacture products for a domestic firm
C)an arrangement where a domestic firm partners with a foreign company to create a new entity, thus allowing the domestic firm to enter the foreign company's market
D)a legal process in which one firm pays to use or distribute another firm's resources, including products, trademarks, patents, intellectual property, or other proprietary knowledge
E)an arrangement in which a domestic firm actively manages a foreign company or overseas facilities

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The Answer of Compare each descriptor to determine which one accurately characterizes a joint venture.
A)a contractual arrangement in which a fee is paid to have the right to open a business using the parent company's business name and to receive marketing and operational support
B)a contractual arrangement where a foreign firm agrees to manufacture products for a domestic firm
C)an arrangement where a domestic firm partners with a foreign company to create a new entity, thus allowing the domestic firm to enter the foreign company's market
D)a legal process in which one firm pays to use or distribute another firm's resources, including products, trademarks, patents, intellectual property, or other proprietary knowledge
E)an arrangement in which a domestic firm actively manages a foreign company or overseas facilities

Compare Each Descriptor to Determine Which One Accurately Characterizes a Joint