International Entrepreneurs (Scenario) Jennifer and James Have Formed an Entrepreneurial Venture to Develop

Multiple Choice

International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.
-A new and exciting opportunity has appeared that enables Jennifer and James to form a joint venture with a bank in Japan.This partnership will involve less risk and commitment than ________.

A) global sourcing
B) setting up a foreign subsidiary
C) licensing
D) franchising