The type of joint venture according to which domestic company exports management services instead of exporting goods is classified as?
Correct answer: C. management contracting
- A. contract manufacturing
- B. joint ownership
- C. management contracting
- D. investment ownership
Explanation
Management contracting occurs when a company supplies managerial expertise or services to a foreign business instead of exporting physical products. Contract manufacturing, by contrast, involves producing goods for another company.
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