The Dance Company, a Renowned Dance Studio in Manhattan, Enters

The Dance Company, a renowned dance studio in Manhattan, enters into an agreement with La Danza in Spain to operate several dance studios. La Danza will provide capital for running the dance studios and The Dance Company will contribute its world-renowned expertise about the art of dance. In this case, The Dance Company enters a foreign market through ________.

A) contract manufacturing
B) management contracting
C) licensing
D) joint ownership
E) direct investment

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