A joint venture is created when one company hires another to help provide a new product/service.

Name: A joint venture is created when one company hires another to help provide a new product/service.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A joint venture is a business agreement between two companies in which they agree to pool resources to create a new business entity or undertake a specific project. It is not simply hiring another company to provide a new product/service.

A Joint Venture Is Created When One Company Hires Another