Question

(1 point)
ethel’s chemical research and development company in delaware is teaming up with albert’s pharmaceutical firm in germany to develop a new kind of drug. this scenario is an example of what?
○ international joint venture
○ licensing agreement
○ contract manufacturing
○ franchising

Explanation:

An international joint venture is a business arrangement where two or more companies from different countries collaborate to achieve a common goal, such as developing a new product. In this case, Ethel's company in Delaware (USA) and Albert's pharmaceutical firm in Germany are working together to develop a new drug. This fits the definition of an international joint venture as it involves cross - border cooperation between two entities.

Answer:

international joint venture