Two or more companies will sometimes agree to join forces to pursue specific opportunities without actually merging their operations.What is the term that describes this practice?
A)joint venture
B)collusive alliance
C)acquisition
D)limited venture

Question

Quizplus · Accepted Answer

A joint venture is a business agreement where two or more companies combine resources to pursue a specific project or opportunity. It allows the companies to share risks and costs while also gaining access to new markets or technologies. Unlike a merger or acquisition, the companies remain separate entities and do not combine their operations permanently.

Two or More Companies Will Sometimes Agree to Join Forces