Anheuser-Busch created a joint venture with Kirin Brewery,the market leader.Anheuser-Busch's 90 percent stake in the venture entitled it to market and distribute beer produced in Los Angeles.

Question

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Anheuser-Busch did not create a joint venture with Kirin Brewery where it held a 90 percent stake for marketing and distributing beer produced in Los Angeles. Anheuser-Busch and Kirin Brewery have had various forms of partnership and collaboration, but the specific arrangement described does not accurately represent their business dealings.

Anheuser-Busch Created a Joint Venture with Kirin Brewery,the Market Leader