Meaning of foreign collaboration

Answer 1

in the backdrop of globalisation another form of business ownership has emerged in a big way. business ownership is shared in the form of collaboration with business units of others countries. this is called foregin collaboration

Answer 2

foreign collaboration can be financial collaboration or technical collaboration . in case of financial collaboration is inflow of foreign investment takes place , but in case of technical collaboration refers to inflow of technology ,franchises,patents,for which foreign partner get lump sum fee or royalty for specified period or specified rate .

Answer 3

to get advanced technology with competitive price.