Question

Garrison Woodproducts and Mathis Woodproducts are the two largest wood product competitors in the United States. However, these two companies work together to produce woodproducts for Europe under the name of United Woodproducts. What method are Garrison and Mathis using to expand into global markets?

O Exporting.
O Joint venture.
O Local component assembly.
O Licensing.

Answer 1

The correct answer is letter "B": Joint venture.

Step-by-step explanation:

Two or more corporations decide to go in a joint venture to contribute to the capital and resources for a common project. Developers, producers, and service providers usually come along to form a joint venture. Those parties, if successful, divide the profits based on the value of their respective contributions to the joint venture.