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 does this illustrate?
A) local content laws
B) business ethics
C) tariffs
D) social responsibility

Question

Quizplus · Accepted Answer

This illustrates local content laws, which require a minimum percentage of a product to be made locally or produced using local components, and the requirement for local partners to hold a controlling ownership stake in a joint venture is a way to ensure compliance with these laws.

China and India Require That When Foreign Firms Enter into Joint