Which of the following is true of joint ownership?
A) The domestic firm exports management services rather than products.
B) Foreign investors gain complete possession and control over the local firm.
C) The arrangement is mandatory for businesses to enter some foreign markets.
D) A domestic company seldom needs a host country partner to enter into the market.
E) The domestic company loses its title of ownership to foreign investors in the arrangement.
Answer: C) The arrangement is mandatory for businesses to enter some foreign markets.