To gain access to one another's markets, several U.S. and Japanese automobile manufacturers (for example, Chrysler and Mitsubishi) are engaging in temporary alliances to manufacture and market certain models of cars. These types of partnerships are known as
A) limited-liability companies.
B) S-corporations.
C) cooperatives.
D) joint ventures.
E) foreign corporations.

Question

Quizplus · Accepted Answer

These types of partnerships where two or more companies join together for a specific project or task are called joint ventures.

To Gain Access to One Another's Markets, Several U