New initiatives undertaken by two entities that involve the creation of a new entity owned by both partners are called ______.

Question

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Joint ventures involve the formation of a new entity by two partners to undertake a new business initiative. Nonprofit enterprises refer to organizations that are not driven by profit, while corporate partnerships and nonprofit business ventures are broader terms that may include joint ventures but also encompass other forms of collaboration between organizations.

New Initiatives Undertaken by Two Entities That Involve the Creation