Some business relationships often take the form of a____________, in which two or more firms create a new entity to allow the partners to pool their resources for common goals.

Question

Quizplus · Accepted Answer

Joint Venture is the best choice as it specifically refers to a business relationship in which two or more firms create a new entity to achieve common goals. Partnership refers to a broader category of business relationships and may not necessarily entail the creation of a new entity. Business companionship and alliance are not commonly used terms for this type of relationship, and equity refers to ownership in a company rather than a specific type of business relationship.

Some Business Relationships Often Take the Form of A____________, in Which