The development of new drugs is very expensive.For this reason Genentech, a large biotechnical company, has entered into a _____ with Swiss-owned Roche to develop a vaccine for tuberculosis.When the vaccine is developed or when the two biotechnical companies determine the vaccine cannot be developed using their current methodology, this relationship will dissolve.
A)general partnership
B)limited-time partnership
C)joint venture
D)cooperative
E)C corporation

Question

Quizplus · Accepted Answer

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, developing a vaccine for tuberculosis. This type of partnership usually ends once the project is completed or if it's determined that the project cannot be completed, which matches the scenario described.

The Development of New Drugs Is Very Expensive