This is an agreement in which two or more partners own and control an overseas business.
A)Franchise
B)Wholly owned subsidiary
C)Licensing agreement
D)Joint venture

Question

Quizplus · Accepted Answer

A joint venture is an agreement in which two or more partners come together to own and control a business in a foreign country. This allows the partners to share the risks and costs of the venture, while also sharing the profits. Unlike a wholly owned subsidiary, in which a company has complete control over the overseas business, a joint venture involves shared ownership and decision-making.

This Is an Agreement in Which Two or More Partners