Question

A joint venture takes place when a company

A. chooses to grant a foreign firm the means to produce and sell its product.

B. launches another company which it partially or completely owns in a foreign country.

C. designates a national firm or an individual of the host country as its legal representative.

D. invests in a country by engaging in business with an entity from that country.

E. invests in two businesses that are related to each other in its home country.

Answer

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