Final answer:
The partnership between CRL and a U.S. military goods manufacturer to develop a new type of polymer represents a joint venture, which is a type of direct investment where partner companies share ownership and control to achieve a common goal.
Step-by-step explanation:
The partnership between CRL, a European plastics manufacturer, and a U.S. military goods manufacturer to develop a new type of polymer for international industrial and military applications represents a joint venture. A joint venture is a business arrangement in which two or more companies agree to work together on a specific project or goal, while maintaining their separate legal and economic identities.
In this case, CRL and the U.S. military goods manufacturer are collaborating to develop a new type of polymer, combining their expertise and resources to achieve a common objective. The partnership allows both companies to benefit from each other's strengths and knowledge in order to create a product that can be used in various international applications.
A joint venture is a type of direct investment where the partner companies share ownership, control, and profits, while taking on shared risks and responsibilities.