Compare Each of the Following to Determine Which One Accurately

question 86

Multiple Choice

Compare each of the following to determine which one accurately describes a joint venture.

• A)a contractual arrangement in which a fee is paid to have the right to open a business using the parent company's business name and to receive marketing and operational support
• B)an arrangement where a domestic firm partners with a foreign company to create a new entity,thus allowing the domestic firm to enter the foreign company's market
• C)a legal process in which one firm pays to use or distribute another firm's resources,including products,trademarks,patents,intellectual property,or other proprietary knowledge
• D)a contractual arrangement where a foreign firm agrees to manufacture products for a domestic firm
• E)an arrangement in which a domestic firm actively manages a foreign company or overseas facilities