What Is an International Joint Venture

question 31

Multiple Choice

What is an international joint venture?

• A)an international agreement between two or more companies to have access to each other's patents
• B)the ownership of a company by two or more companies, of which at least one is a foreign company where the venture is located
• C)an international agreement between two or more firms for the use of a trademark
• D)an agreement between two or more organizations to share management expertise

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Definitions:

Positive Response

An affirmative or favorable answer, reaction, or feedback.

Prospecting Letter

A letter sent to potential customers or clients with the goal of introducing one’s services or products and generating new business.

Company Knowledge

The information and understanding an individual has about a company's products, services, history, values, and culture.

Well-worded

Describes something that has been expressed clearly and precisely in words.