One popular type of partnership in which a company shares costs and risks with another firm is known as _______.
A)franchising
B)a greenfield venture
C)a joint venture
D)exporting
E)licensing

Question

Quizplus · Accepted Answer

A joint venture is a type of partnership in which two or more companies share the costs and risks of a new project. It allows companies to pool their resources and expertise to achieve a common goal. Franchising, exporting, licensing, and greenfield ventures do not necessarily involve sharing costs and risks with another firm.

One Popular Type of Partnership in Which a Company Shares