When two or more organizations collaborate for more than a transitory period and share assets, risks, and profits, this is known as a:

Question

Quizplus · Accepted Answer

A joint venture is a business partnership between two or more organizations that collaborate and share assets, risks, and profits. It is a formal agreement that is established for more than a transitory period to achieve a particular business goal or project. In this arrangement, each partner contributes resources such as capital, expertise, and personnel to achieve the common objective.

When Two or More Organizations Collaborate for More Than a Transitory