Which business device involves the creation of a new business by two or more companies, often for a limited period of time?

Question

Quizplus · Accepted Answer

An international joint venture involves the creation of a new business entity by two or more companies from different countries. This joint venture is usually established for a specific purpose or project and for a limited period of time. The companies involved share ownership, control, and profits of the joint venture.

Which Business Device Involves the Creation of a New Business