Joint Venture Refers to

Multiple Choice

Joint venture refers to

A) a global marketing strategy that entails a domestic firm actually investing in and owning a foreign subsidiary or division.
B) offering the right to a trademark, patent, trade secret, or similarly valued item of intellectual property in return for a royalty or fee.
C) contracting with a foreign firm to manufacture products according to stated specifications.
D) when a firm sells its domestically-produced goods in a foreign country through a paid intermediary.
E) a global market-entry strategy in which a foreign company and a local firm invest together to create a local business in order to share ownership, control, and profits of the new company foreign company and a local firm invest together to create a local business.