McGowan Corporation of Ireland and Enomoto Enterprises based in Japan recently produced a new electric car with rechargeable batteries that can be driven at high speeds for long distances. They have 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

McGowan Corporation of Ireland and Enomoto Enterprises based in Japan created a new electric car together by sharing the investment and important technological expertise. This collaboration between two companies is known as a joint venture.

McGowan Corporation of Ireland and Enomoto Enterprises Based in Japan