When Miriam Inc., a handbag manufacturer headquartered in the U.S., decided to invest in Japan, it tied up with a Japanese fashion house in order to pool resources, share risks, and operate the new business together. This is an example of ___.

A) a joint venture
B) a foreign subsidiary
C) a greenfield venture
D) diversification
E) product development

Question

James kelly · Accepted Answer

Final Answer : A, Explanation :  The scenario described is an example of a joint venture, which involves two or more companies combining resources and expertise to undertake a specific business project or venture.

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