Al Marai Co. entered into a ________ with PepsiCo to invest in dairy and juice processors in Southeast Asia, Africa, and the Middle East

Question

Quizplus · Accepted Answer

Al Marai Co. entered into a joint venture with PepsiCo to invest in dairy and juice processors in Southeast Asia, Africa, and the Middle East. A joint venture is a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This is exactly what Al Marai and PepsiCo did by combining their resources to expand in these regions.