Joint ventures are a type of ________.
A) license
B) franchise
C) foreign subsidiary
D) strategic alliance

Question

Quizplus · Accepted Answer

Joint ventures are a type of strategic alliance where two or more companies come together to form a new entity to pursue a specific project or goal. Joint ventures are a way for companies to share resources, expertise, and risks, while also accessing new markets and technologies. Unlike licenses, franchises, and foreign subsidiaries, joint ventures involve the creation of a new entity with shared ownership and control.

Joint Ventures Are a Type of ________