A domestic company creates a strategic partnership with a foreign company in order to enter a foreign market. Both companies sha

Question

2 years ago

5

re in ownership, control, and financial investments. This market entry strategy is known as ________.

1 answer:

Masja [62] · Answer 1 · 2023-09-16T22:43:04+03:00

When two companies come together strategically to operate is called a joint venture.

<h3>What is a Joint Venture?</h3>

A Joint simply put is when two separate entities or business agree to share resources with the aim of archeiving similar or one objective.

Mostly, this is carried out when a company intend to enter a foreign market.

Learn more about joint venture here: