Separate entities created with two or more active firms as sponsors are called
A) acquisitions.
B) joint ventures.
C) strategic business partnering.
D) mergers.
E) preferred supplier arrangements.

Question

Quizplus · Accepted Answer

Joint ventures are separate entities created with two or more active firms as sponsors. This allows the sponsors to pool their resources and expertise to achieve a common goal or project, while still maintaining their separate identities and ownership structures. Acquisitions, mergers, strategic business partnering, and preferred supplier arrangements all involve different forms of collaboration and cooperation between firms, but do not necessarily involve the creation of a separate entity.

Separate Entities Created with Two or More Active Firms as Sponsors