A Joint Venture Entails

question 224

Multiple Choice

A joint venture entails

• A) offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or a fee.
• B) contracting with a foreign firm to manufacture products according to certain specifications.
• C) a foreign company and a local firm investing together to create a local business.
• D) having a company handle its own exports directly, but using intermediaries for importing.
• E) exporting through an intermediary, which often has the knowledge and means to succeed in selling a firm's products abroad.

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Definitions:

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