Electrobox is a firm that manufactures commercial kitchen equipment.The firm decides to enter China and bonds with a Chinese firm to form a new company named Electrokitchen.This is an example of a(n)________.

Question

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A)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.
B)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.
C)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.
D)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.
E)A joint venture is an arrangement in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents. It is an alternative to a strategic alliance.

Electrobox Is a Firm That Manufactures Commercial Kitchen Equipment