A ________ is an association of persons or companies that are involved in a collaboration for more than a transitory period.

Question

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A joint venture is a business arrangement in which two or more parties agree to pool their resources in order to achieve a specific goal or complete a specific project. Joint ventures are often formed for a more extended period than a transitory period, commonly lasting for several years. Branches, representative offices, and subsidiaries may also exist for an extended period, but they are not necessarily involved in a collaboration with other persons or companies.

A ________ Is an Association of Persons or Companies That