A firm that establishes a direct investment in a foreign country through a co-ownership arrangement that pools resources, shares risks, and shares control of business operations is engaging in ___.

A) a licensing agreement
B) a franchise
C) a joint venture
D) an equity alliance
E) outsourcing

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Equity Alliance

A collaboration or partnership formed to promote fairness, access, and equal opportunities in various sectors, such as education, healthcare, and employment.

Co-Ownership Arrangement

A legal agreement or structure where two or more parties share ownership rights and responsibilities of a property or asset.