If Avon and Merck joined together to produce a cream that slows down the aging process, this would be called a(n)
A) cooperative.
B) joint venture.
C) combined corporation.
D) S-corporation.
E) partnership.

Question

Quizplus · Accepted Answer

A joint venture is a business agreement in which two or more parties agree to pool their resources and work together to achieve a common goal. In this case, Avon and Merck would combine their expertise and resources to produce a new anti-aging cream.

If Avon and Merck Joined Together to Produce a Cream