multiple choice question what type of business practice is in use when a us firm partners with a foreign…

Brief Explanations:

A joint - venture is a business arrangement where two or more parties, in this case a US firm and a foreign company, agree to pool their resources for the purpose of accomplishing a specific task. They share risks and rewards of starting a new enterprise. Licensing is about one party giving another the right to use its intellectual property. Franchising is a system where a franchisor allows a franchisee to operate a business using its brand and business model. A wholly - owned subsidiary is a company entirely owned by another company.

Answer:

A. Joint venture