Sometimes a country’s laws forbid foreigners from owning a business in the nation. In the presence of such laws, a(n) ________ i

Question

Arturiano [62]

3 years ago

7

Sometimes a country’s laws forbid foreigners from owning a business in the nation. In the presence of such laws, a(n) ________ i

s one way for an American company to have a presence in that foreign country.

Business

1 answer:

Natalija [7] · Answer 1 · 2022-05-28T19:15:41+03:00

Answer: Joint venture.

Explanation:

In a country that doesn't allow foreign companies to own businesses in them, a joint venture can be created between the foreign company and the local companies in order for the foreign company to have a presence in that country. A joint venture is a form of business formation that involves two or more seperate businesses coming together to form a business establishment, while each business maintains their individual identities.