Delish Inc., an American convenience food company, formed a new company called Sapid in collaboration with Alpha Foods Inc., an Indian food and beverages company as part of its global expansion strategy. The purpose of this collaboration was to develop breakfast cereals that would specifically target the needs of Indian consumers. Given this information, it can be said that Sapid is a _____.

Question

Quizplus · Accepted Answer

Sapid is a joint venture because it is a new company formed through the collaboration of Delish Inc. and Alpha Foods Inc. to achieve a specific purpose.