If Procter & Gamble, a Dutch leader in household products, and Reckitt Benckiser, a British leader in household products, form a partnership to develop and distribute a disinfectant line of ecologically friendly laundry detergent, the partnership would be a(n)
A) corporation.
B) joint venture.
C) monopoly.
D) licensing agreement.
E) international alliance.

Question

Quizplus · Accepted Answer

A partnership between two companies to develop and distribute a product together is a joint venture.

If Procter & Gamble, a Dutch Leader in Household Products