Which of the following refer to a collaborative venture which results in a new legal entity?

Question

Quizplus · Accepted Answer

Equity-based joint ventures are collaborations between two or more organizations that results in the creation of a new legal entity. This entity is jointly owned, and the partners contribute their resources, expertise, and capital to the venture. This type of collaboration is used when companies want to enter new markets, develop new products or services, or share risks and costs. Non-equity-based strategic alliances, sole proprietorships, and not-for-profit organizations do not result in the creation of a new legal entity.

Which of the Following Refer to a Collaborative Venture Which