When Echo Sounds, a German piano manufacturer, pools resources with America's top piano maker to produce and market pianos and share any profits, it is referred to as

Question

Quizplus · Accepted Answer

This scenario describes a joint venture, which involves two or more companies pooling resources and sharing profits for a specific project or purpose. It differs from other options such as direct foreign investment, licensing, exporting, or a merger, as it involves a specific partnership for a singular objective or venture.

When Echo Sounds, a German Piano Manufacturer, Pools Resources with America's