A(n) _____ is an agreement between two or more companies to join forces to pursue specific opportunities without actually merging their operations.
A) limited association
B) joint venture
C) acquisition
D) collusive alliance

Question

Quizplus · Accepted Answer

A joint venture is an agreement between two or more companies to collaborate and work together on a specific project or opportunity, while still maintaining their separate operational structures. It allows companies to share resources, expertise, and risks, while also leveraging each other's strengths to achieve a common goal. This is different from an acquisition, where one company acquires another, and a collusive alliance, which can be illegal if it involves anti-competitive practices. A limited association is not a commonly used term in business.

A(n) _____ Is an Agreement Between Two or More Companies