In a(n)________,two or more firms bond together to create a new business entity that is legally separate and distinct from its parents.
A) operational partnership
B) strategic alliance
C) joint venture
D) operational alliance
E) international franchise

Question

Quizplus · Accepted Answer

A)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.
B)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.
C)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.
D)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.
E)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.

In A(n)________,two or More Firms Bond Together to Create a New