[amp_mcq option1=”Franchising” option2=”Leasing” option3=”Turnkey project” option4=”Joint venture” correct=”option4″]<\/p>\n
The correct answer is: D. Joint venture.<\/p>\n
A joint venture is a strategic alliance between two or more companies to undertake a specific project or business activity. The companies involved in a joint venture share the risks and rewards of the venture.<\/p>\n
Franchising is a business arrangement in which a company (the franchisor) grants another company (the franchisee) the right to use its trademark, trade name, and business system in exchange for a fee. The franchisee is responsible for operating the business according to the franchisor’s standards.<\/p>\n
Leasing is a contract in which one party (the lessor) agrees to allow another party (the lessee) to use an asset for a specified period of time in exchange for a series of payments. The lessor retains ownership of the asset, while the lessee has the right to use it.<\/p>\n
A turnkey project is a project in which a contractor agrees to design, build, and commission a facility or system for a client. The contractor is responsible for all aspects of the project, from start to finish.<\/p>\n
In conclusion, a joint venture is the only mode of international business that involves a strategic alliance.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Franchising” option2=”Leasing” option3=”Turnkey project” option4=”Joint venture” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[702],"tags":[],"class_list":["post-33918","post","type-post","status-publish","format-standard","hentry","category-business-environment-and-international-business","no-featured-image-padding"],"yoast_head":"\n