Capital Radio PLC, the United Kingdom's biggest commercial radio firm announced in 2002 that it would cooperate with Walt Disney Co.to create a radio network for children under the age of 16.The company will broadcast to a potential audience of 25 million under the name Capital Disney.This new radio network will be created as the result of:

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. In this case, Capital Radio PLC and Walt Disney Co. are collaborating to create a new radio network, which fits the definition of a joint venture.

Capital Radio PLC, the United Kingdom's Biggest Commercial Radio Firm