A ___________ occurs when two or more participating companies join forces to create a separate legal entity to facilitate doing business in the international arena.

Question

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A joint venture is a type of partnership in which two or more companies create a separate legal entity to pool their resources and expertise for a specific business project or ongoing venture. This entity is typically created for the purpose of entering a new market or pursuing a specific opportunity in the international arena. Unlike a merger or acquisition, joint ventures are generally temporary arrangements that allow participating companies to share risks and costs while maintaining their independence.

A ___________ Occurs When Two or More Participating Companies Join