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13 June, 14:10

Starbucks traditionally has relied on a franchising model to expand internationally. But when it came to India, the coffee chain took another approach. It allied with Tata Group, another huge international name, to create a

(a) - joint venture.

(b) - strategic alliance.

(c) - direct investment.

(d) - distribution system

(e) - indirect investment.

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Answers (1)
  1. 13 June, 16:39
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    joint venture

    Explanation:

    Traditionally, Starbucks has depended on a model of the franchise to expand globally. However, when it comes to India, another approach was taken by the coffee chain. It allied with Tata Group to creat a joint venture.

    A joint venture (JV) is a business deal where 2 or more parties agree to pool their money for a particular task to be accomplished. This role can be a new project or any other operation of the business.
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