question 12 in the context of global marketing, when a domestic firm buys part of a foreign company or joins…

question 12 in the context of global marketing, when a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity, it is known as a. countertrade b. franchise c. joint venture d. common trade alliance 1 point

question 12 in the context of global marketing, when a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity, it is known as a. countertrade b. franchise c. joint venture d. common trade alliance 1 point

Answer

Brief Explanations:

A joint - venture occurs when a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity. A franchise is a different business model where one party (franchisor) grants rights to another (franchisee) to operate a business using its brand and systems. A common trade alliance is a broader term for cooperative arrangements in trade. A counter - trade involves the exchange of goods and services instead of money.

Answer:

C. joint venture