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International Business - I

Question

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Give meaning of joint venture.

Solution

1. A joint venture means establishing a firm that is jointly owned by two or more otherwise independent firms.
2. In the widest sense of the term, it can also be described as any form of association which implies collaboration for more than transitory period.

Some More Questions From International Business - I Chapter

Give the types of mode of entry into International Business.

Give meaning of merchandise export and import.

Give meaning of service exports and imports.

Give meaning of direct exporting.

Give meaning of direct importing.

Give meaning of contract manufacturing.

Give meaning of licensing and franchising.

Define foreign investment.

Give meaning of joint venture.

Give the role of India’s involvement in World Business.

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