A means establishing a firm which is jointly owned by two or more independent firms.

MNC

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joint venture

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partnership

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business

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Solution

The correct option is B joint venture
A joint venture means establishing a firm which is jointly owned by two or more independent firms. One of the disadvantages of import-export is that companies operate from their home countries and is not well connected with the foreign markets in which they buy or sell. Joint ventures can remedy this.

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