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Question

A means establishing a firm which is jointly owned by two or more independent firms.
  1. MNC
  2. joint venture
  3. partnership
  4. business


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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