Disney's Hong Kong Disneyland and Shanghai Disneyland work in combination with the Chinese government-owned Shanghai Shendi Group. Disney owns 43 percent of the Shanghai​ resort; the Shanghai Shendi Group owns 57 percent. This type of arrangement in global marketing is known as​ __________.

Disney's Hong Kong Disneyland and Shanghai Disneyland work in combination with the Chinese government-owned Shanghai Shendi Group. Disney owns 43 percent of the Shanghai​ resort; the Shanghai Shendi Group owns 57 percent. This type of arrangement in global marketing is known as​ __________.



A.

direct investment

B.

joint ownership

C.

licensing

D.

joint venturing

E.

management contracting



Answer: B


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