Which of the Following Is True of a Joint Venture

Multiple Choice

Which of the following is true of a joint venture?

A) It takes place when a domestic firm may choose to grant a foreign firm the means to produce and sell its product.
B) It takes place when a company launches another company which it partially or completely owns in a foreign country.
C) It takes place when a company designates a national firm or individual of the host country as its legal representative.
D) It takes place when a company invests in a country by engaging in business with an entity from that country.
E) It takes place when a company merges with a company from the host country.