_____ are formal agreements between two or more firms where a new separate entity is created for the purpose of producing or distributing goods and services.

Question

Quizplus · Accepted Answer

Joint ventures are formal agreements between two or more firms where a new separate entity is created for the purpose of producing or distributing goods and services. Option B, Greenfield ventures, refers to a company that is built from scratch in a new market, while Brownfield ventures refer to the renovation or restructuring of existing facilities for a new venture. Franchises involve the licensing of a business model to an individual or entity to operate a business under a specific brand name.

_____ Are Formal Agreements Between Two or More Firms Where