The mode of joint venturing in international business that allows a company to conduct business in another country whose laws discourage foreign ownership is known as:

The mode of joint venturing in international business that allows a company to conduct business in another country whose laws discourage foreign ownership is known as: Correct Answer Licensing

The correct answer is Licensing

Key Points Licensing:

• The companies which want to establish a retail presence in an overseas market with minimal risk, the licensing strategy allows another person or business to assume the risk on behalf of the company.
• Licensing allows a business in the target nation to utilise the licensor's assets.
• These assets are typically immaterial and include production methods, patents, and trademarks.
• The use of the intangible property is granted to the licensee in exchange for a fee called royalty, which may include cover technical support.

Additional Information International Franchising: 

• The growth of a domestic company into global markets and nations is referred to as international franchising.
• The process of franchising internationally is intricate and calls for careful analysis of a variety of aspects, including viability, adaptability, and advantages vs disadvantages.

Contract manufacturing:

• Contract manufacturing is when two businesses come to an arrangement to produce parts or goods over a predetermined period of time.
• Manufacturing outsourcing is similar to outsourcing personnel in that it enables businesses to compete in markets they couldn't before.

Joint ownership:

• When two or more people share title to the same property, this is known as co-ownership or joint ownership.
• When two or more people jointly own property, they have the right to share possession and use of that property.