An important feature of an equity joint venture is that:

A. it provides the most benefits when the need for product specification or differentiation is high.
B. it organizes worldwide operations based primarily on function and secondarily on product.
C. it is characterized by one group's merely providing a service to another.
D. it involves a financial investment by a multinational company (MNC) in a business enterprise with a local partner.


Answer: D

Business

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