Mike Jordan's company has just entered into an agreement with a German firm that will create a separate legal entity. This new firm will be allowed to conduct business and actively compete in the European Union's various markets. A good description of the new company would be a "joint venture."

Question

Quizplus · Accepted Answer

A joint venture is a partnership of two or more participating companies that have joined forces to create a separate legal entity.

Mike Jordan's Company Has Just Entered into an Agreement with a German