A Joint Venture Refers to

Multiple Choice

A joint venture refers to

A) offering the right to a trademark,patent,trade secret,or similarly valued items of intellectual property in return for a royalty or fee.
B) contracting with a foreign firm to manufacture products according to certain specifications.
C) when a foreign company and a local firm invest together to create a local business.
D) having a company handle its own exports directly,but using intermediaries for importing.
E) exporting through an intermediary,which often has the knowledge and means to succeed in selling a firm's products abroad.