Which type of joint venture involves a domestic firm supplying management know-how to a foreign company?

The correct choice is management contracting because it specifically refers to a situation where a domestic firm provides its expertise and management capabilities to a foreign company. This type of joint venture allows the domestic firm to leverage its knowledge in managing operations effectively while the foreign company benefits from this expertise without having to invest as much in developing similar capabilities internally.

Management contracting typically involves the domestic firm taking on responsibility for operations, such as overseeing production, marketing, or distribution, while the foreign company may handle the other aspects of the business, like financing or infrastructure. This arrangement can facilitate smoother operations and help the foreign company navigate local markets more effectively by utilizing the domestic firm's experience.

The other options pertain to different forms of business arrangements. For instance, contract manufacturing focuses on producing goods based on the specifications provided by another company, licensing involves allowing another company to use intellectual property, and joint ownership refers to a partnership where two or more parties share ownership and control of a new entity. None of these specifically highlight the provision of management expertise in the way that management contracting does.