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kenny6666 [7]
2 years ago
5

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

re in ownership, control, and financial investments. This market entry strategy is known as ________.
Business
1 answer:
Masja [62]2 years ago
6 0

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:

brainly.com/question/9389546

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