A(n)_____ is formed when two parties agree to share their profits,losses,and control with one another in an economic activity they jointly undertake.
A)strategic alliance
B)direct foreign investment
C)joint venture
D)franchising
E)exporting

Question

Quizplus · Accepted Answer

A joint venture is specifically defined as an arrangement where two or more parties come together to undertake economic activity, sharing profits, losses, and control. This is distinct from the other options which involve different forms of business arrangements and investments.

A(n)_____ Is Formed When Two Parties Agree to Share Their