[Language-Science Kits] The president of Kool Science, Inc., which makes educational science kits for children, calls the president of Language Fun, Inc., which makes foreign language learning materials for children. They discuss production of three educational toys which teach both science and foreign language to children. They agree that Kool will work with Language to create and market the three toys, and that they will use Kool's manufacturer to produce the product.
-What type of business organization is best suited for the situation of Kool Science and Language Fun?
A) Cooperative.
B) Joint Venture.
C) Business Trust
D) General partnership
E) Corporation

Question

Quizplus · Accepted Answer

A joint venture is best suited for the situation because it involves two companies (Kool Science, Inc. and Language Fun, Inc.) coming together for a specific project (creating and marketing three educational toys) without necessarily merging into a single entity. This allows them to collaborate on the project while maintaining their separate identities and business operations.

[Language-Science Kits] the President of Kool Science, Inc