Which of the following is true of a joint venture?
A) It involves one company allowing another company to use its trademarks, patents, copyrights, or expertise.
B) It is similar to licensing, but it requires a much higher level of commitment from the two companies involved.
C) It increases the risks of not knowing the local market.
D) It ensures that neither of the two original companies is directly harmed by failure.
Correct Answer:
Verified
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A) working across different industries
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