With Which of the Following Does a Domestic Firm Assume

question 3

Multiple Choice

With which of the following does a domestic firm assume an equity position (partial ownership) in a foreign firm to manufacture and/or market the domestic company's goods?

• A)direct investment
• B)a joint venture
• C)a buying-for-export agreement
• D)a contractual agreement

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Definitions:

Partnership

A partnership is a legal form of business operation between two or more individuals who share management and profits.

Proprietorship

Proprietorship, also known as sole proprietorship, is a business owned and operated by a single individual, where the owner and the business are legally treated as the same.

Taxed

Describes funds or goods that are subjected to taxation by governmental authorities.

Maximize Profits

The process or strategy used by businesses to ensure they achieve the highest possible profit from their operations.