Oceanside Tools, Inc. of Newport, Rhode Island, has agreed to work with a Thai company to produce and sell chemicals in Thailand. The U.S. firm will provide technical and marketing know-how, while its Thai partner will provide knowledge of Thai markets and political connections. The partners will share the costs and profits 50/50. This type of international involvement is called
A. direct investment.
B. joint venturing.
C. management contracting.
D. multinational marketing.
E. licensing.
Answer: B
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