A __________ is created when two or more firms share ownership of a new company.
A)joint venture
B)strategic alliance
C)direct investment
D)contract

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement in which two or more firms agree to pool resources and expertise to create a new company that they jointly own and manage. This allows the companies to share the risks and rewards of the new venture while maintaining their separate identities and operations. Strategic alliances, direct investments, and contracts may also involve cooperation between firms, but they do not necessarily involve shared ownership of a new entity.

A __________ Is Created When Two or More Firms Share