Which of the following operates through co-ownership with local partners?
A) Franchise
B) Wholly owned subsidiary
C) Joint venture
D) Licensed venture

Question

Quizplus · Accepted Answer

Joint venture is the option that operates through co-ownership with local partners. In a joint venture, two or more companies come together to create a separate legal entity to pursue a specific business opportunity. This allows both parties to leverage their strengths and share the risks and profits of the venture. A franchise is an agreement in which one company licenses its business model and brand to another company. A wholly owned subsidiary is a company that is completely owned and controlled by another parent company. A licensed venture is not a common term used in business, and it is not clear what it refers to.

Which of the Following Operates Through Co-Ownership with Local Partners