Capital Radio PLC,the UK's biggest commercial radio firm announced in 2002 that it would partner with Walt Disney Company to create a radio network for English- speaking children under the age of sixteen.The new company created by this agreement is an example of a(n).

Question

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A joint venture is a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, in this case, creating a radio network for children.

Capital Radio PLC,the UK's Biggest Commercial Radio Firm Announced in 2002