In the context of global marketing,when a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity,it is known as a _____.
A)countertrade
B)franchise
C)joint venture
D)common trade alliance

Question

​In the context of global marketing,when a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity,it is known as a _____.
A)countertrade
B)​franchise
C)​joint venture
D)common trade alliance

Quizplus · Accepted Answer

When a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity, it is known as a joint venture. Countertrade refers to the exchange of goods and services instead of currency, franchises are licensing arrangements, and common trade alliances are agreements between countries to reduce trade barriers.

​In the Context of Global Marketing,when a Domestic Firm Buys

In the Context of Global Marketing,when a Domestic Firm Buys