Timex¾a U.S. based watchmaker¾recently entered into a partnership agreement with the Australian government to make watches. What type of partnership agreement does this situation most likely represent?

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, in this case, making watches. Timex partnering with the Australian government suggests a joint venture to leverage combined resources and expertise.

Timex¾a US