A ________ can be defined as the participation of two or more companies in an enterprise in which each party contributes assets,has some equity,and shares risk.
A)strategic alliance
B)joint venture
C)licensing agreement
D)management contract
E)turnkey operation

Question

Quizplus · Accepted Answer

A joint venture is a form of partnership between two or more companies where each party contributes assets, has some equity, and shares risk. Strategic alliances involve a more limited collaboration between companies, licensing agreements involve the use of intellectual property or technology, management contracts involve one company managing another company's operations, and turnkey operations involve one company building and handing over a fully operational facility to another company.

A ________ Can Be Defined as the Participation of Two