Kimlee, a food manufacturer based in China, recognizes the immense demand for noodles in the Australian market
Kimlee forms a new business venture to manufacture instant noodles and decides to share possession and control of the new business with a local food processing company. In this case, Kimlee has entered a foreign market through ________.
A) licensing
B) contract manufacturing
C) direct investment
D) joint ownership
E) management contracting
D
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