Joint ventures are a type of ________.
A) licensee
B) franchisee
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 for a specific business purpose or project. In a joint venture, the companies share ownership, risks, profits, and losses. It is different from a licensee, franchisee, or foreign subsidiary arrangement where one company allows another company to use its intellectual property or operates as a separate entity under a different brand.

Joint Ventures Are a Type of ________