A Canadian water treatment company decides to partner with a local Chinese firm and both firms will invest to create a market for a unique water treatment product.This relationship is referred to as a

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement in which two or more parties agree to pool their resources to accomplish a specific task. In this case, the Canadian water treatment company and the local Chinese firm are coming together to create a market for a unique water treatment product by investing resources.

A Canadian Water Treatment Company Decides to Partner with a Local