Question

A fully global organization might set up a ________ with a foreign company to create a new, independent company that produces a specific product.

a. franchise
b. joint venture
c. foreign subsidiary
d. licensing agreement

Answer 1

Answer:

A

Explanation:

Answer 2

A fully global organization might set up a joint venture with a foreign company to create a new, independent company that produces a specific product.

Joint venture simply means a business arrangement where two or more parties agree to pool their resources together in order to accomplish a task.

This can be illustrated when a fully global organization sets up a joint venture with a foreign company to create a new product.

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