General Mills and PepsiCo formed a company in Europe to market snack foods. This company is 60% controlled by PepsiCo and 40% controlled by General Mills. This is an example of

Name: General Mills and PepsiCo formed a company in Europe to market snack foods. This company is 60% controlled by PepsiCo and 40% controlled by General Mills. This is an example of
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This is an example of a joint venture, where two companies collaborate to form a new entity, sharing control and profits.

General Mills and PepsiCo Formed a Company in Europe to Market