A ________ is a shared ownership in a foreign business.
A) licensing agreement
B) greenfield investment
C) joint venture
D) wholly-owned affiliate

Question

Quizplus · Accepted Answer

A joint venture is a form of partnership in which two or more firms create a legally independent company to undertake a specific project or to engage in a specific market. This allows both parties to share the risks and costs associated with the venture, as well as the profits that may arise. Joint ventures are often used to penetrate foreign markets as they allow companies to share ownership and control of a foreign-based enterprise.

A ________ Is a Shared Ownership in a Foreign Business