Question

A domestic company creates a strategic partnership with a foreign company in order to enter a foreign market. Both companies share in ownership, control, and financial investments. This market entry strategy is known as ________.

Answer 1

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

What is a Joint Venture?

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.

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