Tebeau Partners of France and Morimoto Management based in Japan recently produced a new electric car with rechargeable batteries that can be driven at high speeds for long distances. They shared the investment, each contributing important technological expertise to the effort. These firms entered into a(n) ________ to build this car.
A) joint venture
B) multinational cartel
C) industrial countertrade agreement
D) multinational limited partnership

Question

Quizplus · Accepted Answer

A joint venture is a partnership in which two or more companies (often from different countries) join to undertake a major project.

Tebeau Partners of France and Morimoto Management Based in Japan