The Difference Between Exporting and Joint Venturing Is That Joint

question 70

Multiple Choice

The difference between exporting and joint venturing is that joint venturing involves ________.

• A)lesser risk
• B)production of goods mainly in the home country
• C)lesser changes in a company's product lines
• D)association with a host country partner to sell abroad
• E)lesser investment

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Definitions:

Breach

A violation or infraction of a law, duty, or agreement.

Illusory Contract

An agreement that lacks a real obligation from one or more parties, making it unenforceable.

Implied

Describes something that is suggested or understood without being directly expressed or stated.

Conditions

Terms or elements in contracts that affect how parties' responsibilities are enforced or interpreted.