A Domestic Firm and a Foreign Firm Sharing the Cost

question 2

Multiple Choice

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country is called a ________.

• A) brokering agreement
• B) joint venture
• C) franchising agreement
• D) foreign subsidiary

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Definitions:

Religious Needs

Requirements or desires that arise from an individual's faith or spiritual beliefs, impacting their way of living and interacting with the world.

Face-To-Face Interaction

Direct social interaction between individuals in close physical proximity.

Societies

Groups of individuals living together within structured communities that share customs, laws, and organizations.

Coordination

The act of organizing or aligning elements in a system or process to work together efficiently towards a common goal.