AT&T entered into a _____ with Compagnie General d'Electricite, a French company.The French company brings its patents on digital telephone switches, and AT&T provides the marketing know-how to the relationship.
A)international partnership
B)joint venture
C)joint cooperative
D)oligopoly
E)international cartel

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. In this case, AT&T and Compagnie General d'Electricite are combining their respective strengths (patents on digital telephone switches and marketing know-how) to work together, which fits the definition of a joint venture.

AT&T Entered into a _____ with Compagnie General D'Electricite, a French