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A domestic firm buys part of a foreign firm and shares the risks. This is a:
AJoint vendor
BJoint venture
CJoint voucher
DJoint valuer
Answer & Solution
Correct answer: B. Joint venture
1. Two firms come together.
2. Ownership is shared.
3. It is a joint venture.
_Source: OpenStax Introduction to Business, Chapter 3, Competing in the Global Marketplace._
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