A ________ is a new independent entity that is collectively created and owned by two or more parent companies.
A)subsidiary
B)joint venture
C)greenfield investment
D)turnkey operation

Question

Quizplus · Accepted Answer

A joint venture is a new independent entity that is collectively created and owned by two or more parent companies. The other options are related to different types of foreign investments, but not specifically to a partnership between parent companies.

A ________ Is a New Independent Entity That Is Collectively